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2021 Federal Estate and Transfer Tax Law Proposals

September 2, 2021
Tina Barrett, director of Nebraska Farm Business, Inc., reviews the federal estate and transfer tax law proposals submitted to Congress this year that would dramatically change the tax implications for many farm businesses.

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Free December Webinars: Farm Tax Law Changes and Farm Program and Policy Update

December 3, 2020
The Department of Agricultural Economics’ Farm and Ranch Management team is presenting two free webinars focusing on tax law changes for 2020 and an update on farm program and ag policy in light of a new administration in Washington.

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Cornhusker Economics: Tax Planning 2020

November 19, 2020
With harvest wrapping up or complete, it is time to finish the last bits of 2020 operation tasks. Many of these tasks are part of tax planning. This article is a brief summary of some of the topics to discuss with your tax preparer before year-end.

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Understanding and Applying Casualty Losses

June 3, 2019
Casualty losses are an area of the tax code that we thankfully don’t have to deal with very often. However, when they do occur, they can be a major event in the life of a farming operation. Here are some things to consider and do now before tax time rolls around.

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Tax Consequences of Weather-Related Sales

May 31, 2019
How do tax laws apply to crop and livestock losses due to flooding and should they be applied this year? Consider the effects for 2019, 2020 and afterward from using some of these options.

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Disaster-Related Tax Relief

March 28, 2019
Due to the President's recent disaster declaration, individuals and businesses in several counties may qualify for tax relief. This covers an extended tax filing deadline, casualty losses, and how to request free copies of previously filed tax returns for affected taxpayers.

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Market Impacts of a Meat Tax

March 20, 2019
In this week's Cornhusker Economics, two authors from the Department of Agricultural Economics address implications of a meat tax on livestock production and grain production.

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Extended Tax Filing Deadline for Farmers and Ranchers

March 8, 2019
This week the IRS announced in Notice 2019-17 an extension to the March 1 deadline for farmers who did not make estimated tax payments by January 15, 2019.

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