NEWS
IRS Targets "Passive" Landowners
Marcia Zarley Taylor DTN Executive Editor
Mon Jun 16, 2014 02:10 PM CDT

HADDONFIELD, N.J. (DTN) -- The Eighth Circuit U.S. Court of Appeals heard oral arguments in a landmark tax case last week that would not only set a precedent for absentee landowners with Conservation Reserve Program contracts, but could potentially redefine tax treatment of cash rents, conservation easements and other types of passive income if allowed to stand, farm managers and legal scholars say.

REVERSING A PRECEDENT

The appeal of a 2013 Tax Court ruling in Morehouse v. Commissioner seeks to eliminate the IRS position. In the initial case, the Tax Court ruled taxpayers could be subject to self-employment taxes simply ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Strong Immunity Wins Two weeks after calving, cows lose body condition. But if she is short on nutrients, too, that dr...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Klinefelter: By the Numbers Farm lenders should halt their petty rivalry and focus on agriculture's best interest: Our nation...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • GOP Picks Conaway as House Ag Chairman The House Republican Steering Committee on Tuesday selected Rep. Michael Conaway, R-Texas, as the...
  • Head Start A Pennsylvania teen has two years of a farm-to-fork business under his belt and is looking to exp...
  • Woodbury: Farm Family Business One of the world's wealthiest families measures success not in dollars but in authenticity.
  • Ask the Vet A warning about bull breeding soundness.
Related News Stories
Tax Extenders Talk Heats Up
Taxlink by Andy Biebl
Ask the Taxman by Andy Biebl
Landowner Wins Landmark Case
Taxlink by Andy Biebl
A Valuable Transition Tool
Ask the Taxman by Andy Biebl
Taxlink by Andy Biebl
Ask the Taxman by Andy Biebl
Taxlink by Andy Biebl