agricultural taxes

The National Cattlemen’s Beef Association reminds cattle producers to consult their tax attorneys regarding the Corporate Transparency Act as key deadlines approach at the end of this year.  The Act was passed by Congress in 2021 and requires companies to report beneficial ownership information to the Financial Crimes Enforcement Network, a division of the U.S. Treasur...

Legislation recently introduced seeks an excise tax on the sale and export of water-intensive crops grown in the U.S. by foreign governments.  Arizona Democrat Representative Ruben Gallego introduced the Water Protection Act of 2022, as Arizona and other states face prolonged drought. ...

Earlier this month, the Department of Agriculture announced funding for two outreach and education efforts for farmers and ranchers.  FSA is investing $10 million for agriculture-oriented taxpayer education as well as $4.5 million in outreach for the Conservation Reserve Program's Transition Incentives Program.  Bo...

March 1st is a big day for the farming community when it comes to taxes. Agricultural Tax Professor Roger McEowen said your documents should be completed, so now is a good time to review your documents to make sure everything is correct. "Did you properly claim all of the farm related deductions you are entitled to and can substantiate ...