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2 Mar 2020, 2:31 pm by ktidgren
On February 24, 2020, IRS issued proposed regulations, REG-100814-19, to address the deductibility of food and beverage expenses in light of the disallowance of entertainment expenses under IRC § 274(a)(1)(A) by the Tax Cuts & Jobs Act (TCJA). [read post]
11 Feb 2016, 11:56 am by ktidgren
Although recent talk of eminent domain has centered on high profile projects such as the Dakota Access pipeline, a less discussed provision of Iowa law confers a narrow power of eminent domain upon private citizens in certain cases where a landowner has a “land locked” parcel. [read post]
23 Jan 2024, 2:40 pm by ktidgren
On January 19, 2024, the bipartisan House Ways and Means Committee advanced H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024,” to the House floor by a vote of 40-3. [read post]
15 Sep 2016, 8:10 am by ktidgren
We’ve discussed in past articles the difficulties that can arise when parents leave farmland to their children as tenants in common. [read post]
16 Dec 2017, 4:10 pm by ktidgren
On Friday, December 15, 2017, the conference committee tasked with reconciling differences between the House and Senate versions of the Tax Cuts And Jobs Act (Act), issued its conference report. [read post]
22 Mar 2018, 5:16 pm by ktidgren
At the tail end of the 2,232-page Consolidated Appropriations Act of 2018 (bill), Congress has included a section written to “fix” the “grain glitch. [read post]
1 Jun 2018, 7:48 am by ktidgren
Generally, the uniform capitalization rules (UNICAP) have required all farmers, regardless of size, to capitalize pre-productive costs of plants that have a pre-productive period of more than 2 years. [read post]
12 Aug 2015, 12:15 pm by ktidgren
Perhaps the most misunderstood portion of Iowa farm lease law is that governing the proper termination of a lease. [read post]
19 Jan 2016, 7:31 am by ktidgren
As March 1 approaches, many landlords will see new tenants farming their property. [read post]
26 Aug 2016, 10:38 am by ktidgren
During the past several years it often seemed like the day would never come. [read post]
24 Jul 2017, 3:29 pm by ktidgren
The Iowa Court of Appeals recently interpreted a manure easement agreement and agreed that a farmer was entitled to damages for a hog facility’s breach of the agreement. [read post]
4 Oct 2017, 1:32 pm by ktidgren
On August 2, 2016, IRS proposed regulations under IRC § 2704 (Restrictions on Liquidation of an Interest for Estate, Gift and Generation-Skipping Transfer Taxes (REG-163113-02)) that were met with swift criticism. [read post]
27 Mar 2020, 6:42 pm by ktidgren
On Friday, March 27, 2020, the President signed into law H.R. 748, the Coronavirus Aid, Relief, and Economic Security (“Cares”) Act. [read post]
8 Apr 2016, 10:49 am by ktidgren
If there’s a takeaway sentence from the latest Iowa Court of Appeals decision to analyze a breach of warranty claim, it is this: The doctrine of unconscionability…does not rescue people from bad bargains. [read post]
15 Jun 2016, 1:40 pm by ktidgren
The Iowa Court of Appeals—while denying a minority owner’s request to have his family LLC dissolved—breathed life back into his quest to receive “fair value” for his 27% ownership interest. [read post]
16 Dec 2017, 4:10 pm by ktidgren
After some procedural drama, Congress passed sweeping new tax legislation on December 20, 2017. [read post]
24 Apr 2015, 9:01 am by ktidgren
The Iowa Court of Appeals Wednesday reduced a damages award granted to a couple who claimed their neighbor intentionally removed trees along their fence line. [read post]