NEWS
Ask the Taxman by Andy Biebl
Andy Biebl DTN Tax Columnist
Mon Apr 22, 2013 12:18 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:

My brother is retiring from our C corporation, and would like to take 20,000 bushels of wheat and some prepaid chemicals for his share of the ownership. There would be two of us remaining in the corporation, and our attorney said that we should just retire our brother's stock and not reissue any shares to ourselves. Is this OK, and do we reissue ...

Quick View
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
Landowner Wins Landmark Case
Taxlink by Andy Biebl
A Valuable Transition Tool
Taxlink by Andy Biebl
Taxlink by Andy Biebl
Taxlink by Andy Biebl