Latest News From Paul Neiffer

There is a chance we might see new tax legislation before year-end. However, I wouldn't count on getting what you want.

This year, more than ever, requires you to spend time with your tax adviser to pin down the right amount of taxable income to report. Good luck.  

USDA just announced their Spot Market Hog Pandemic Program to help producers who sold pigs on the spot market in 2020. Paul Neiffer goes over the details.

What makes a good family farm transition? It is difficult to achieve a good farm transition without at least doing well in each of these C's.

Congress continues to tinker with the Build Back Better Act and we review the changes done today.

With possible increases in estate and gift taxes looming, the use of an Intentionally Defective Grantor Trust (IDGT) may be appropriate to use in 2021.

The Proposed Transfer Tax can actually eliminate net equity for many farm families and cause their heirs to be underwater. It can be much worse than the current or proposed estate tax for most farmers.

Eric Beenken shares some of the supply trends that the pork industry is facing due to COVID-19. He also discusses financial and operational items that pork producers should be keying in on now.

Paul Neiffer provides the key tax changes that apply to farmers.

Most of the changes in the Section 199A final regulations were fairly minor, but several of the changes will affect farmers in a material way. 

Even if upcoming tax reform eliminates the federal estate tax, many states will continue to keep an estate tax as part of their tax regime.