Property Taxes

Man filling out paperwork at table — This webinar features discussion by Dave Aiken, UNL professor and ag law and water law specialist, and Jessica Groskopf, Nebraska Extension agricultural economist.

The Corporate Transparency Act: Beneficial Ownership Reporting

November 22, 2024

This webinar will help producers understand whether the Corporate Transparency Act applies to their ag operations and how to file a BOI report to ensure compliance by Jan. 1, 2025.

Combine and grain truck harvest corn field — The Corporate Transparency Act (CTA) requires companies, including many farms and ranches, to report their beneficial ownership information. (Photo by Gary Stone/Nebraska Extension)

Nebraska Extension to Host 'Filing a Beneficial Ownership Interest' Workshop in Scottsbluff

November 8, 2024

The Corporate Transparency Act went into effect this year, requiring many business owners to file a BOI report by Jan. 1, 2025. This workshop will help attendees understand the process of filing a BOI report to satisfy compliance guidelines.

Woman filling out paperwork — Nebraska recently made changes to its property tax credit system with the passage of LB34 in 2024, affecting farmers and ranchers who rely on these credits, as it might lead to potential underpayment penalties. Learn more in the webinar linked below.

2024 Income Tax Updates for Farmers and Ranchers

November 8, 2024

Tina Barrett of Nebraska Farm Business, Inc., and Glennis McClure, a UNL extension educator, provide guidance on essential tax considerations to help farmers and ranchers navigate tax season.

Man and woman speaking near tractor — Successfully bringing additional family members into an ag operation may require some creativity, as all parties need to maintain a viable standard of living. Gifting assets is one strategy for compensating the next generation on the farm or ranch.

Ideas for Estate and Transition Planning: Gifting

April 24, 2024

Gifting assets, such as equipment, livestock, land, or shares of an entity, is one of several ways to compensate family members in an operation, but it requires careful consideration of the guidelines.

Man at desk with tax prep paperwork — For more webinars on farm and ranch management, profitability, economics and farm survival for producers and ag industry professionals, visit the Center for Agricultural Profitability website.

2023 Income Tax Updates for Farmers and Ranchers

December 1, 2023

This webinar reviews 2023 tax considerations for ag producers, including crop insurance, deferral options for livestock sales, potential law changes and more.

Man using calculator at desk — Landowner who are interested in claiming deductions via Section 180 should consult with their CPA or tax advisor. (Center for Ag Profitability photo)

What is IRS Section 180 and How Does it Work?

November 16, 2023

With recent land purchases, some producers are asking questions to learn more about IRS Section 180 and how it may provide tax deductions in the year of purchase.