WASHINGTON, D.C. (RFD NEWS) — The Fifth Circuit Court has overturned a prior Tax Court decision regarding self-employment tax for limited partners, raising questions about how farmers may be affected by the ruling. Farm CPA Paul Neiffer joined us on Friday’s Market Day Report for insights.
In his interview with RFD NEWS, Neiffer provided details on the case and explained its implications. He also discussed how farmers should approach the ruling if they had assumed they were not required to pay self-employment tax and whether congressional action might follow.
Related Stories
The report highlighted the role rural development programs play in supporting housing, infrastructure and essential services.
Rising input costs continue weighing on producer outlooks despite stronger expectations for land values.
Iowa Congressman Randy Feenstra says the proposal would allow retailers to decide whether they want to offer E15 year-round.
