A Letter to U.S. Senate Finance

A letter to U.S. senators on tax code and access to cash accounting for agricultural businesses.

K·Coe Isom Ag Tax Expert Testifies Before House Committee on Agriculture

Doug Claussen Highlights Farm Tax Issues for Congressional Consideration (April 5, 2017) –Congress is weighing significant changes to the way farmers and agribusinesses are taxed, which could have a profound impact on how they do business. With tax reform holding opportunities and risks for U.S. agriculture in the balance, K·Coe Isom’s Doug Claussen, CPA, traveled… Read More

U.S. House Committee on Ways and Means

February 6, 2017 U.S. House Committee on Ways and Means Representative Kevin Brady, Chairman Representative Richard Neal, Ranking Member 1102 Longworth House Office Building Washington, DC 20515 Dear Chairman Brady and Ranking Member Neal, We are writing today to express our strong opposition to any tax reform proposals that would limit the ability of agricultural… Read More

Comprehensive Tax Reform Opportunities & Risks for U.S. Agriculture

One of the top priorities for Congress will be comprehensive reform of the tax code. One of the top priorities for Congress in 2017 and 2018 will be comprehensive reform of the tax code. The food and agriculture industries will need to carefully analyze these sweeping proposals and work hard to ensure that the rewrite… Read More

Farm Tax Q&A: Cleaning Up Complicated Business Structures

In this brief column we answer a burning question on our clients’ minds concerning farm tax issues. Question: It seems like our business structures have gotten out of hand with too many entities. What should we do? Answer: Many times there are serious gaps in the way the entities are transacting business with each other. So, it’s… Read More

Farm Tax Q&A: Net Operating Loss

In this brief column we answer a burning question on our clients’ minds concerning farm tax issues. Question: When is it advantageous for me to realize a net operating loss in my farming operation? Answer: With much of agriculture expected to experience a drop in income in 2016, the current situation offers some planning opportunities…. Read More

Tax Deferral is Sometimes the Best Path to Managing Land Sales

It can be difficult to avoid taxes on the sale of land altogether, but there are options for minimizing tax exposure now, deferring tax liability until later, and planning for the future. Recently we worked with a farmer and landowner who was presented with what you might call a once-in-a-lifetime opportunity to sell farm ground…. Read More

Majority of U.S. House of Representatives Says “No” to Requiring Agriculture to Shift to Accrual Accounting

A Victory for the Farmers for Tax Fairness Campaign Farmers for Tax Fairness today praised members of the House of Representatives for their overwhelming support of common sense accounting for America’s farmers and ranchers. Last week, more than half of the legislative body signed a letter to House Leadership expressing support for tax rules that… Read More

Forty-Six Senators Express Opposition to Mandated Use of Accrual Accounting

On Wednesday, August 6, 46 Senators wrote to Senate Finance Committee Chairman Ron Wyden and Ranking Member Orrin Hatch to express concern about the proposal contained in the Cost Recovery and Accounting Discussion Draft released late last year by former Chairman Max Baucus that would require many businesses to use the accrual method of accounting…. Read More

Farm Futures reports: Tax reform proposal exempts farmers from accounting method change

From the article: American Farm Bureau Federation President Bob Stallman praised the proposal. “Farmers and ranchers are grateful for the long-standing willingness of (Committee Chairman Dave Camp), as well as his colleagues, to listen to our concerns on issues like cash accounting. “We appreciate the chairman’s focus on simplifying and streamlining the tax code. Still,… Read More


Find out how you can help stop these proposed changes from becoming law and taxing you unfairly.
The ag community needs a voice. The ag community needs you.

© Farmers for Tax Fairness™ All Rights Reserved.

Powered by Latitude Park