Tax

This article aims to explain how some of the new tax rules in the Tax Cuts and Jobs Act (the “2017 Tax Act”) affect the agriculture industry, as well as provide some tax planning considerations in light of the new rules. Prior Farmer and Cooperative Deductions Under prior law, to...

Securities Exchange Commission During his February 2018 testimony before the Committee of Banking, Housing, and Urban Affairs, the Chairman of the SEC reiterated the agency’s position that typical Initial Coin Offering (“ICO”) structures involve the offer and sales of securities and must register their offerings or...

The Tax Cuts and Jobs Act of 2017 (the “2017 Act”) eliminates miscellaneous itemized deductions as part of individual tax reform (this change will sunset on December 31, 2025). Prior to the 2017 Act, an individual taxpayer who took itemized deductions instead of a standard deduction could...

Among the many tax deductions that Congress eliminated from the federal tax code is the deduction for alimony payments. Alimony is generally used to provide ongoing financial support to the lower income spouse following a divorce. The Tax Cuts and Jobs Act (TCJA), signed into...

Employers and employees may have questions regarding Christmas gifts during the holiday season. Unlike most gifts, which usually involve tax considerations only when they are very valuable, even a modest gift between an employer and employee may be recharacterized by the IRS as compensation. Any...

On November 16, 2017, the House passed H.R.1, also known as the “Tax Cuts and Jobs Act.” On the same day, the Senate Finance Committee marked up its own version of the Act. After clearing the Senate Budget Committee, the full Senate has finally voted...

In the context of today’s fast-growing “gig economy,” where an internet platform or app can facilitate consumer transactions and payments, it is easier for people to offer unique services, like food delivery, ride sharing, home repair, and cleaning with just a few swipes of their...

Agricultural providers and producers face numerous legal and regulatory challenges. They must comply with an increasing number of state and federal requirements, including labor and employment laws, environmental regulations, land use, pesticide use, food safety, and more. Agriculture technology (“AgTech”) is the leading solution to...

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