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23 Nov 2018
By Katie DehlingerDTN Farm Business Editor MOUNT JULIET, Tenn. (DTN) -- 'Tis the season for giving, but if annual gifting strategies are part of your estate plan, you may want to reconsider. Congress raised the estate tax exemption levels to $11.2 million per person or $22.4 million per married couple in 2017 tax reform legislation, and that's high...
23 Nov 2018
By Elizabeth WilliamsDTN Special Correspondent OMAHA (DTN) -- There was a time when C-corporations made a lot of sense for farmers, but as tax laws changed and the benefits eroded, farmers found changing their business structure could be cumbersome and expensive. Tax advisers say 2017's Tax Cuts and Jobs Act makes it easier than ever to make the sw...
23 Nov 2018
By Chris ClaytonDTN Ag Policy Editor OMAHA (DTN) -- A campaign by the soybean checkoff to champion the planting, use and conversion to high oleic soybeans may have gotten a boost Monday by the U.S. Food and Drug Administration's decision to allow food processors to make some "qualified" health claims about high oleic oils. FDA came out with new gu...
23 Nov 2018
By Elaine KubDTN Contributing Analyst There are certain noises almost guaranteed to catch any human being's attention: like the ch-ch-ch-ch-ch of coins (or corn kernels) tumbling on top of each other into a rich pile, or the alternating ooo-Ooo-ooo-Ooo of an ambulance siren or the rising boop-dee-dee-boop tones on a combine harvester's grain tank a...
21 Nov 2018
By Elizabeth WilliamsDTN Special Correspondent INDIANOLA, Iowa (DTN) -- Tax treatment of equipment trade-ins got a tune-up in 2017's tax reform legislation. Experts say provisions restricting like-kind exchanges for machinery are offset by more generous rules on depreciation, resulting in little change to federal tax returns. The complication: many...