Estate Planning
New IRS guidance clarifies tax deferral rules for qualifying farmland sales, including requirements for sellers and buyers and limits on installment sales.
A Handshake Deal and a $16.5 Million Tax Bill: Why the IRS May Not See Your Farm Loan the Way You Do
Farm legal expert Roger McEowen shares a recent court case illustrating how informal loans can create major tax issues for farms and ranches in the eyes of the IRS.
A botched art deal demonstrates the dangers of relying on informal understandings when money changes hands.
For farm families looking to manage their tax burden, Farm CPA Paul Neiffer says reviewing how they own and lease farmland could reveal opportunities to reduce self-employment taxes.
Scott “The Cow Guy” Shellady admires Dolly Parton’s business brilliance, her family-centered approach to business ownership, and her power to say no to Elvis, which proves patience is an asset.
In his tribute to Dolly Parton, RFD News Contributor Roger McEowen explores how her East Tennessee farm roots shaped her work, philanthropy, and values, while offering a lesson on the importance of farming.
AFT’s Women for the Land program helps women farmers access conservation, financial, and land management resources while building connections.
ASFMRA CEO Amanda DeJong explains how accreditation, market knowledge and specialized expertise can help landowners and investors navigate rural property markets.
AARP expert Brad Anderson shares tips for tackling sentimental clutter, family heirlooms, old technology, and other belongings.
A carefully drafted will or trust can transfer property ownership. It cannot, by itself, rewrite federal program eligibility rules. For that reason, attorneys and CPAs advising farmers should include FSA participation in the standard estate-planning checklist.