NEWS
Taxlink by Andy Biebl
Andy Biebl DTN Tax Columnist
Fri Jan 18, 2013 06:23 AM CST

Dan, a prosperous farmer, was a pillar of his community. When the local hospital announced a major capital campaign for the building expansion, Dan was at the front of the major donor list. He responded with a generous $50,000 check. A month later, Dan received a personalized letter from the chairman of the hospital fund drive that acknowledged his contribution, the amount, and the date. Dan dutifully put this letter in his tax file, knowing his CPA had warned him of the need to retain receipts.

Two years later, when Dan drew an IRS audit, he provided that receipt to ...

Quick View
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Year-End Tax Panic
Barge Tax Faces House Vote
Tax Extenders Talk Heats Up
Ask the Taxman by Andy Biebl
Landowner Wins Landmark Case
A Valuable Transition Tool
Ask the Taxman by Andy Biebl