Current Federal Tax Developments

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2017-08-14 Definition of Farming

Current Federal Tax Developments for the week of August 14, 2017 - Definition of Farming.  Current Federal Tax Developments is brought to you by the state CPA societies and the Loscalzo Institute.

This week we look at the following developments

  • Tax Court looks at what it means to be in the business of lending money
  • Sale of farmland can make a farmer not a farmer for conservation easement purposes
  • IRS announces will not acquiesce in a decision on a reverse 1031 exchange
  • Minority shareholder has to turn over dividends to IRS even though not aware of fraudulent conveyance

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2017-08-14 Definition of Farming Ed Zollars, CPA

Articles for this week's developments can be downloaded as a PDF below.

2017-08-14 Current Federal Tax Developments