NEWS
Ask the Taxman by Andy Biebl
Andy Biebl DTN Tax Columnist
Tue Apr 16, 2013 12:25 PM CDT

DTN Tax Columnist Andy Biebl is a CPA and tax partner with the accounting firm of CliftonLarsonAllen in Minneapolis, Minn., and a national authority on agricultural taxation. To pose questions for upcoming columns, email AskAndy@dtn.com.

Question:

I understand I can give land to charity, but retain either the rent or farming income from the land while I am alive, and still get a charitable deduction now. If you are going to give land to charity after death anyway, does it make sense to get a charitable deduction while alive in this manner?

Answer:

Yes, it makes great sense. The ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
Taxlink by Andy Biebl
Senior Partners - 4
Senate Panel OKs Tax-Extenders Bill
Taxlink by Andy Biebl
Taxlink by Andy Biebl