With evolving tax laws and ever-increasing complexity, it’s more important than ever to find the right tax advisor that understands the special rules to apply to farmers and ranchers to help these businesses stay in compliance and minimize tax obligations.
Learn more about farmers' eligibility requirements for the Nebraska Microenterprise Tax Credit, a refundable credit given to individuals operating small businesses who demonstrate growth in their business.
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.
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.
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.
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.