taxes

Voskuhl: Estate Planning Must Be A Priority
Voskuhl: Estate Planning Must Be A Priority
Voskuhl: Estate Planning Must Be A Priority
More than 50% of Americans think having an estate planning is at least somewhat important, but only 33% have a will or living trust.  According to AARP’s Sen Voskuhl, estate planning is even more important for farmers as it decides the future of the farm.  Without a goo...
Help Available As You Prepare Your Taxes
Help Available As You Prepare Your Taxes
Help Available As You Prepare Your Taxes
Tax season is officially here.  The IRS and state departments of revenue started processing tax returns last week.  Robin Maxey, with the Oregon Department of Revenue said it's best to file electronically.   “More Than 90% of taxpayers file their return electronically.  It creates a more accurate r...
Muzzall: Capital Gains Tax Likely To Hit Ag
Muzzall: Capital Gains Tax Likely To Hit Ag
Muzzall: Capital Gains Tax Likely To Hit Ag
As the debate over a capital gains tax in Washington continues, it’s looking more and more likely that the farming community will be subject to those taxes, despite earlier assurances that they wouldn’t be.  At issue is the constitutionality of the capital gains tax passed by lawmakers in April 2021, that looks to issue a 7% tax on all transactions of $250,000 or great.  The issue is curren... Rea
Neiffer: We Can Increase Profits By Having A Tax Plan
Neiffer: We Can Increase Profits By Having A Tax Plan
Neiffer: We Can Increase Profits By Having A Tax Plan
Increasing profits is the goal of every farmer out there, but typically to increase profits, you’ll need to increase yields, or make cuts somewhere in the operation.  Or, you can structure your Farm Organization To Increase Profit.  That was the ...
Farmers Encouraged To Review Tax Documents Before Tuesday
Farmers Encouraged To Review Tax Documents Before Tuesday
Farmers Encouraged To Review Tax Documents Before Tuesday
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 ...
NCBA Releases 2022 Policy Priorities
NCBA Releases 2022 Policy Priorities
NCBA Releases 2022 Policy Priorities
During the 2022 Cattle Industry Convention and NCBA Trade Show, the executive committee of the National Cattlemen’s Beef Association approved the organization’s 2022 policy priorities. The priorities include an emphasis on strengthening the economic, environmental and social sustainability of the cattle industry. The pol ...
WCA Joins Suit Over Capital Gains Tax
WCA Joins Suit Over Capital Gains Tax
WCA Joins Suit Over Capital Gains Tax
An agricultural group has put its name on a lawsuit opposing the new capital gains income tax in Washington. The Washington Cattlemen’s Association and the Building Industry Association of Washington filed a second amicus brief Monday opposing the state’s tax on capital gains. The Was ...
Duvall: Proposed Ways To Pay For Spending Not Acceptable For Ag
Duvall: Proposed Ways To Pay For Spending Not Acceptable For Ag
Duvall: Proposed Ways To Pay For Spending Not Acceptable For Ag
Top Capitol Hill Democrats says they have a framework agreement on taxes to fund their $3.5 trillion Biden “Build Back Better” budget. However, American Farm Bureau Federation President Zippy Duval said what’s known on those tax ideas, so far is not acceptable. And that includ ...

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