June 21, 2018
NASHVILLE, Tenn (RFD-TV) A recent court case provides additional ammunition for the IRS to go after farmers and ranchers.In particular those who have a large amount of non-farm income and incur losses year-after-year on their operation. In today’s Rural Money segment, Paul Neiffer, agriculture accounting expert with Clifton Larson Allen, explains what the potential repercussions of these recent rulings might be .
Watch the video above to learn more about this important topic. And if you’re interested in reading more of Mr. Neiffer’s thoughts on accounting, farm taxes, and succession planning, visit: farmcpatoday.com
Paul Neiffer is our regular guest on “Market Day Report.” every Thursday – 10 AM ET | 9 AM CT | 8 AM MT | 7 AM PT.