taxes

The American Farm Bureau Federation recently sent a letter to Congress asking them to ensure farmers won’t pay taxes on forgiven Paycheck Protection Program loans. AFBF Senior Congressional Relations Director Pat Wolff said an IRS regulation means small businesses and farms would face a tax burden for using PPP funds. ...

The farmer cooperatives want the Trump administration to withdraw proposed tax rules that they say would raise taxes on farmers and ranchers nationwide. On Thursday, the Executive Council of the National Council of Farmer Cooperatives asked the Treasury Department and the Office of Management and Budget to withdraw a proposal that would implement Section 199A(g) of the tax code ...

Congress is considering changes in the next round of the Paycheck Protection Program, and the American Farm Bureau seeks “corrections” allowing farmers to better participate. “We expect the House to take up a bill this week," said AFBF Congressional Relations Director R.J. Karney. "The ...

Equilus Equity's Jake Carpenter discusses the Life Cycle of a successful farm or business owner. If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com

The National Council of Farmer Cooperatives is optimistic that IRS officials will adjust the Section 199A tax break, thanks to testimony from the Treasury Secretary. For more than two years, farmer cooperatives have been working to re-implement a tax deduction comparable to what they received before the 2017 tax law was passed ...

It's a growing concern this time of year: tax identification theft  and fraud.  And Gisele Jefferson of Colorado State University Extension says thieves only need a few key pieces of information to make your life miserable. "Your name, social security number, and your birth date. That can...

Jake Carpenter with Equilus Equity talks about paying your taxes, and when to ask questions.           If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com...

Tax season brings an especially important reminder to the farm: preparing for the future through estate planning.  Sean Voskuhl said as farmers prepare taxes, it’s a good time to start a conversation about the future.   “Tax season is a good time, because you’re already compiling assets, making important business decisions, and preparing for the year on the farm. 57% of U.S. adults don’t h... Read

Washington state Senator John McCoy raised the ire of many in the farm industry last year when he claimed that farmers don’t pay taxes, but is that true?   A Recent Study conducted by the Washington Policy Center found that statement to be false, noting that farmers and ranchers pay a variety of taxes, including B&O tax, self-employment taxes, and state and federal payroll taxes.  WPC noted Wa

The New Year brings less of a tax burden for farmers and ranchers when it comes to health insurance, according to the American Farm Bureau Federation.   In spending bills passed by Congress before the holiday break, lawmakers included a permanent repeal of the Health Insurance Tax, which was enacted as part of the Affordable Care Act. AFB...