Category Archives: Tax Issues

December 17, 2021 Weekly Round Up

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Here we are with our final Weekly Round Up of 2021!   It has been quite the year. We will have our annual nationwide and Texas-specific year-in-review blog posts coming up over the next couple of weeks, and we recently released an Ag Law in the Field Podcast episode recapping the year from an ag law perspective here. Here are some recent news stories that may be of interest. *EPA considering modifications to dicamba approval, but offers no timeline.  A senior regulatory specialist with EPA stated that “the agency… Read More →

September 24, 2021 Weekly Round Up

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>Hello and Happy Friday!  We’re back with an Ag Law Weekly Round Up to catch you up on some of the ag law stories over the past month. *EPA Administrator discusses dicamba, WOTUS, and ag advisor.  Recently, EPA Administrator, Michael Regan, spoke at the NASDA national meeting.  He indicated that the EPA is currently working on a new version of the “waters of the United States” definition pursuant to the Clean Water Act, and he expects for the initial proposed draft to be released in November.  He did… Read More →

August 27, 2021 Weekly Round Up

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We’ve made it through another week!  I know many of you are new readers thanks to my surprisingly popular post on Monday about brand registrations.  If you missed that post, click here. Here is a look at some of the ag law stories recently in the news. * Appellate courts rule on three “ag gag” statutes.  I am going to have a more detailed blog post on this coming in the next couple of weeks, but there have been three decisions from federal appellate courts related to “ag… Read More →

AFPC Analyzes Proposed Tax Change Impact on Representative Farms

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The Agricultural and Food Policy Center at Texas A&M University recently released a report looking at the likely impacts of proposed changes to the estate and capital gains taxes. [View Report here.]  Specifically, the report analyzed the impact that changes to the lifetime exclusion for estate taxes and the elimination of the stepped up basis for capital gains taxes would have on the AFPC’s 94 representative farms.  The results were clear in showing that for the representative farms, the proposed policy changes would greatly increase tax liability. Estate… Read More →

Talking Taxes: Capital Gains Tax

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Today, we are wrapping up our three-part blog series, Talking Taxes.  Be sure you didn’t miss our prior posts on the estate tax and gift tax.  Today, we will tackle the topic of capital gains taxes. I’ll offer the same two disclaimers as I have on the prior posts in this series.  I am not a tax lawyer, CPA, or accountant.  I’m here to offer just basic information, but highly recommend that you consult with your attorney and tax professional for further advice or clarification.  Second, there has… Read More →

Talking Taxes: Gift Tax

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Today, we will continue our three-part Talking Taxes series with a discussion of the federal gift tax.  If you missed our first post discussing the estate tax, click here. As I did last week, I want to offer two disclaimers.  The first is that I am not a CPA or an accountant.  I’m here to offer just basic information, but highly recommend that you consult with your attorney and tax professional for further advice or clarification.  Second, there has been a lot of talk from Washington, DC, about… Read More →

May 21, 2021 Weekly Round Up

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Welcome to Friday! I hope everyone has fun weekend plans.  I will be running a Dinosaur 5K with my kids tomorrow, so we will see how Mama survives with a 4 and 5 year old in tow! Here are some of the biggest ag law stories in the news over the past couple of weeks. *Potential tax policy changes cause concern.  President Biden’s administration has indicated there may be policy changes related to capital gains taxes that have caused concern for many agricultural groups. In particular, President Biden’s… Read More →

Talking Taxes: Estate Tax

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Today, we will kick off a three-part series called Talking Taxes.  We are going to focus on three federal taxes that arise frequently for farm and ranch families when it comes to estate planning: the estate tax, the gift tax, and the capital gains tax. I want to offer two disclaimers.  The first is that I am not a CPA or an accountant.  I’m here to offer just basic information, but highly recommend that you consult with your attorney and tax professional for further advice or clarification.  Second,… Read More →

May 7, 2021 Weekly Round Up

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Happy May!  Here are a few of the ag law stories in the news over the past couple of weeks.   *Three laws every rural landowner in Texas should know.  I recently chatted with Texas Standard and offered three key laws I think that every rural landowner should know.  See what made my list here. *President Biden mentions exception for farms in proposal to increase capital gains taxes and do away with stepped up basis.  There have been numerous articles discussing President Biden’s proposal to increase the capital gains… Read More →

April 23, 2021 Weekly Round Up

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Happy Friday!  It’s sure been a week around here.  I hope we all get some rest this weekend. Here are some of the ag law stories in the news the past couple of weeks. *Important property tax deadlines coming up for rural Texas landowners.  Many property tax deadlines are coming up, requiring that paperwork be submitted by rural landowners to County Appraisal Districts before May 1.  This includes the deadline to submit an open space valuation application and a wildlife management valuation application.  Keep in mind, anyone who… Read More →