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Taxation:

Some Farm Families are Underpaying Their Self-Employment Tax
Gary J. Hoff
ALTB_08-01, January 2008
 

Abstract

If both husband and wife are receiving USDA farm program payments they may be underpaying their self-employment tax. Except for crop share landlords, a participant must actively participate in the farming operation to qualify for payments. This means each person also is liable for self-employment tax on the profits created by the farming operation.
 
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Self Employment Tax Treatment of CRP Payments
Gary J. Hoff
ALTB_07-08, November 2007
 

Abstract

As the end of 2007 nears, farmers may be able to save thousands of dollars of federal income tax or self employment tax with adequate planning. In this article Gary Hoff describes some of the possible areas for tax saving.
 
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Yearend Farm Tax Planning Considerations
Gary J. Hoff
ALTB_07-07, November 2007
 

Abstract

As the end of 2007 nears, farmers may be able to save thousands of dollars of federal income tax or self employment tax with adequate planning. In this article Gary Hoff describes some of the possible areas for tax saving.
 
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Conservation Easements: Act Quickly to Take Advantage of 2006 Tax Law
Paul Queck and Gary J. Hoff
ALTB_07-06, August 2007
 

Abstract

Farmers and ranchers can protect their land from urban sprawl and qualify for an enhanced federal tax deduction. However, they must act quickly as the federal law granting the enhanced deduction is set to expire December 31, 2007.
 
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Tax Reporting of Alcohol Credit Pass-Through from Cooperative
Gary Hoff
ALTB_07-02, February 2007
 

Abstract

Investors in limited liability companies and members of cooperatives with ethanol plants may receive various tax forms reporting income and losses, and credits. This article describes the tax consequences of the ethanol-related income, losses, and credits reported to investors and co-op members.
 
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