NEWS
When Does Income Averaging Pay?
Andy Biebl DTN Tax Columnist
Tue Aug 20, 2013 10:11 AM CDT

DTN Tax Columnist Andy Biebl is a CPA and tax partner with the accounting firm of CliftonLarsonAllen LLP in New Ulm and Minneapolis, Minn., and a national authority on agricultural taxation. He writes for both DTN and our sister publication, The Progressive Farmer. To pose questions for upcoming columns, email AskAndy@dtn.com.

QUESTION:

I read that income averaging would be more important for farmers in 2013 because we have higher tax rates. How do I know if this could benefit me?

ANSWER:

The commentary you read no doubt referred to the increased income tax rate that affects the top bracket filers. ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Super Food Silage has never gone out of fashion in Bath County, Kentucky, even when the lure of $6- to $8-pe...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet Some tips on fly control.
Related News Stories
View From the Cab
Pick Contingency Plans - 2
Farming on the Mother Road - 4
Farming on the Mother Road - 5
Pick Contingency Plans - 3
View From the Cab
Pick Contingency Plans - 1
Taxlink by Andy Biebl
Woodbury: Family Business Matters
View From the Cab