FARM BUSINESS NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Mon Jan 14, 2013 04:19 PM CST

If you're confounded by income tax changes under the new tax changes, you're not alone. Capital gains rates may be one of the more convoluted calculations you'll need to consider starting in 2013.

Paul Neiffer, a CPA who specializes in agriculture and cooperative taxes for CliftonLarsonAllen LLC, points out that your personal capital gains rate will no longer depend just on your taxable income (after deductions). Now that a new 3.8% Medicare surtax rate kicks in on those with adjusted gross income of $200,000 single/$250,000 married, there are really six possible capital gains rates depending on your personal circumstances.

This ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a new, faster method of testing soybean cyst nematode samples is...
  • Competing for Dollars Beef has some catching up to do, but there is opportunity ahead.
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • Senior Partners - 1 Think how rural communities could rejuvenate if farmland rents stayed local rather than flowing t...
  • $3 Corn Subdues Bids March auctions show cash rent shocks could mount in 2016.
  • Nutrients Ruling A federal appeals court Tuesday ruled that a lower court could not order EPA to make a decision o...
  • West, Texas: 2 Years Later - 1 Two years after the ammonium nitrate explosion at West Fertilizer Co. in West, Texas, state offic...
  • West, Texas: 2 Years Later - 2 While federal and state governments did not mandate more regulations when it comes to storing fer...
  • Ask the Vet The vet says my cow has anaplaz, which I've never heard of before. What is it?
Related News Stories
Ag Interest Rate Snapshot
Klinefelter: By the Numbers
Klinefelter: By the Numbers
Port of Portland Loses More Business
Woodbury: Family Business Matters