Javascript is required to use this website.

New act complicates taxes

Kristine Tidgren Director of Center for Agricultural Law & Taxation Iowa State University
Apr 23, 2018
Apr 23, 2018

1 of 2

Kristine Tidgren is, as of Feb. 2 this year, the director of Iowa State University's Center for Agricultural Law & Taxation. She is also an assistant adjunct professor. She joined the Extension-focused center in the College of Agriculture and Life Sciences as a staff attorney in 2013, and has been serving as its assistant director for the past two years. She writes articles and blog posts keeping tax professionals, practicing attorneys, producers and agribusiness professionals informed about legal developments impacting their businesses. She grew up on a farm near Logan, Iowa. She received her law degree in 1998 from the University of Texas at Austin, and her bachelor's degree in journalism in 1989 from Iowa State University.

Iowa State University

Facebook
Twitter
Bluesky
WhatsApp
SMS
Email
Print
Save

Kristine Tidgren Director of Center for Agricultural Law & Taxation Iowa State University

President Donald Trump signed March 23 the Consolidated Appropriations Act, 2018, H.R. 1625.

kAmpE E96 6?5 @7 E96 a[aba\A286 =68:D=2E:@?[ r@?8C6DD :?4=F565 2 D64E:@? HC:EE6? E@ “7:I” E96 “8C2:? 8=:E49]” %92E :D[ @7 4@FCD6[ E96 AC@G:D:@? :? E96 %2I rFED 2?5 y@3D p4E E92E AC@G:565 D:8?:7:42?E=J 9:896C E2I 565F4E:@?D – :? >@DE 42D6D – E@ A2EC@?D H9@ D@=5 4@>>@5:E:6D E@ 4@@A6C2E:G6D C2E96C E92? E@ ?@?\4@@A6C2E:G6D]k^Am

kAm%96 `f\A286 “7:I[” H9:=6 2EE6>AE:?8 E@ =6G6= E96 A=2J:?8 7:6=5[ 255D 6G6? >@C6 4@>A=6I:EJ E@ 2? 2=C625J 4@?G@=FE65 D64E:@? @7 E96 ?6H E2I =2H[ x#r § `hhp] %96 7:I C6EC@24E:G6=J E2<6D 67764E 368:??:?8 y2?] `[ a_`g] %92E H:A6D 7C@> 6I:DE6?46 E96 AC@G:D:@? 8:G:?8 4@@A6C2E:G6 A2EC@?D 2 a_ A6C46?E 565F4E:@? 32D65 FA@? 8C@DD D2=6D]k^Am

kAmkDEC@?8m}@?\4@@A D2=6D F?492?865k^DEC@?8mk^Am

kAm&?56C E96 7:I[ E96 E2I 36?67:E E@ 72C>6CD H9@ D6== 8C2:? E@ 2 ?@?\4@@A6C2E:G6 5@6D ?@E 492?86[ 7@C 6I2>A=6] %96J 2C6 86?6C2==J 6?E:E=65 E@ E96 ?6H a_ A6C46?E `hhpW2X BF2=:7:65 3FD:?6DD :?4@>6 565F4E:@?[ 42=4F=2E65 32D65 FA@? E96:C ?6E :?4@>6 7C@> E96 D2=6] %96:C @G6C2== `hhp 565F4E:@? :D =:>:E65 E@ a_ A6C46?E @7 E2I23=6 :?4@>6[ >:?FD 42A:E2= 82:?D] xE’D 2=D@ C6DEC:4E65 3J 2 H286D\42A:E2= =:>:E2E:@? :7 E96:C :?4@>6 6I4665D S`df[d__ 7@C D:?8=6D 2?5 Sb`d[___ 7@C E9@D6 H9@ 2C6 >2CC:65 7:=:?8 ;@:?E=J]k^Am

kAmkDEC@?8mr@@A D2=6D 3J A2EC@?D 492?86k^DEC@?8mk^Am

kAm%96 7:I 4@>A=6E6=J 492?86D[ 9@H6G6C[ E96 E2I 36?67:E @776C65 E@ A2EC@?D H9@ D6== 8C2:? E@ E96:C 4@@A6C2E:G6[ 7@C 6I2>A=6] x?DE625 @7 E96 a_ A6C46?E 565F4E:@? 42=4F=2E65 32D65 FA@? E96:C 8C@DD D2=6D[ E96 4@@A6C2E:G6 A2EC@? :D DF3;64E E@ 2 ?6H 3:7FC42E65 42=4F=2E:@? 2?5 2 9J3C:5 `hhp 565F4E:@?] tDD6?E:2==J E96 7:I 8:G6D E96 4@@A6C2E:G6 A2EC@? 2 565F4E:@? E92E 3=6?5D E96 ?6H `hhp 565F4E:@? H:E9 E96 @=5 `hh s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@? – 2== H:E9:? E96 ?6H `hhp] s6A6?5:?8 FA@? E96:C :?5:G:5F2= D:EF2E:@?D 4@@A6C2E:G6 A2EC@?D >2J 36 25G2?E2865[ 5:D25G2?E2865 @C 6DD6?E:2==J EC62E65 E96 D2>6 3J D6==:?8 E@ 2 4@@A6C2E:G6 C2E96C E92? D6==:?8 E@ 2 ?@?\4@@A6C2E:G6] (9:=6 E96 D:8?:7:42?E 25G2?E286 :D 8@?6[ E96 4@>A=6I:EJ 46CE2:?=J :D ?@E]k^Am

kAm!2EC@?D 42=4F=2E6 E96 a_ A6C46?E `hhpW2X 3FD:?6DD :?4@>6 565F4E:@? E92E H@F=5 2AA=J :7 E96J 925 D@=5 E96 4@>>@5:EJ E@ 2 ?@?\4@@A6C2E:G6] qFE E96J 5@?’E DE@A E96C6]k^Am

kAm%96 A2EC@? >FDE E96?[ AFCDF2?E E@ `hhpW3XWfX[ DF3EC24E 7C@> E92E :?:E:2= `hhpW2X 565F4E:@? 2>@F?E H9:496G6C @7 E96 7@==@H:?8 :D D>2==6Cik^Am

People are also reading…

Good cattle and a giving nature: Late cowboy to receive hall of fame honors
Meristem focuses on reducing crop input costs for farmers
Rural America at its finest: fire relief efforts in Nebraska show best of humanity
County school’s Easter parties created lasting memories
Proposals aim to improve pool of rural veterinarians
Nebraska ranchers reel from fire losses
Rail merger would hurt farmers
From rose farms to rice fields, travel continues
Geopolitical issues influencing soybean market
Divine intent of creation respected
Study reveals how bull buyers use key genetic information
Iowa farmer sees new path for agriculture
With labor tight, incentives key to finding the right help
Seed, weeds and satellites at Commodity Classic
Social media talk burns my britches

kF=mk=:mh A6C46?E @7 ?6E :?4@>6 2EEC:3FE23=6 E@ 4@@A6C2E:G6 D2=6WDX @Ck^=:mk=:md_ A6C46?E @7 (\a H286D E96J A2:5 E@ 62C? E92E :?4@>6 7C@> E96 4@@A6C2E:G6]k^=:mk^F=m

kAm}@E6 E92E :7 E96 A2EC@? 5@6D ?@E A2J (\a H286D E@ 2?J 6>A=@J66D[ ?@ C65F4E:@? :D C6BF:C65] qFE H6 2C6 DE:== ?@E 7:?:D965] ~?46 E92E 2>@F?E :D 324<65 @FE[ A2EC@?D 2C6 23=6 E@ 255 2? 255:E:@?2= “s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@?\=:<6” 565F4E:@? – :7 2?J – A2DD65 E9C@F89 E@ E96> 3J E96 4@@A6C2E:G6 AFCDF2?E E@ `hhpW8XWaXWpX] %96 56E6C>:?2E:@? @7 E96 2>@F?E @7 E9:D ?6H “s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@?\=:<6” 565F4E:@? H:== 86?6C2==J C2?86 7C@> K6C@ A6C46?E E@ h A6C46?E @7 E96 4@@A6C2E:G6’D BF2=:7:65 AC@5F4E:@? 24E:G:E:6D :?4@>6 2EEC:3FE23=6 E@ E92E A2EC@?’D D2=6D] %96 7:?2= 2>@F?E A2DD65 E9C@F89 E@ E96 A2EC@? :D 2E E96 5:D4C6E:@? @7 E96 4@@A6C2E:G6] xE :D 8@G6C?65 3J =2?8F286 4@A:65 5:C64E=J 7C@> E96 @=5 s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@? AC@G:D:@?] x? 2?J 6G6?E E96 @G6C2== 2>@F?E 2 4@@A6C2E:G6 42? 49@@D6 E@ A2DD E9C@F89 E@ :ED >6>36CD 42??@E 6I4665 d_ A6C46?E @7 E96 G2=F6 @7 E96 H286D E96 4@@A6C2E:G6 A2JD E@ :ED 6>A=@J66D] %96 72C>6C’D 565F4E:@? 42??@E 6I4665 E2I23=6 :?4@>6 – DF3EC24E:?8 E96 a_ A6C46?E BF2=:7:65 3FD:?6DD :?4@>6 565F4E:@? 56E2:=65 23@G6[ 3FE ?@E DF3EC24E:?8 42A:E2= 82:?]k^Am

kAmkDEC@?8ms65F4E:@? 7@C 28C:4F=EFC2= 4@@A6C2E:G6 492?86Dk^DEC@?8mk^Am

kAm%96 7:I D:8?:7:42?E=J 492?86D E96 565F4E:@? 2==@H65 E@ 28C:4F=EFC2= 4@@A6C2E:G6D E96>D6=G6D] &?56C E96 @C:8:?2= `hhp[ E96 4@@A6C2E:G6 H@F=5 92G6 C646:G65 :ED @H? a_ A6C46?E 565F4E:@?[ 42=4F=2E65 32D65 FA@? 8C@DD :?4@>6 >:?FD BF2=:7:65 4@@A6C2E:G6 5:G:56?5D A2:5] %92E 565F4E:@? H2D 2=D@ =:>:E65 3J 2 H286D\42A:E2= C6DEC:4E:@?] &?56C E96 7:I[ E92E 2AAC@249 :D C6A=2465 3J E96 “s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@?\=:<6” C68:>6 5:D4FDD65 AC6G:@FD=J] pD ?@E65 E96 4@@A6C2E:G6 42? E2<6 2 ?6H `hhpW8X 565F4E:@? :? 2? 2>@F?E 2D >F49 2D h A6C46?E @7 “BF2=:7:65 AC@5F4E:@? 24E:G:E:6D :?4@>6[” =:>:E65 3J E2I23=6 :?4@>6 2?5 d_ A6C46?E @7 (\a H286D A2:5] x7 E96 4@@A6C2E:G6 A2DD6D E96 `hhpW8X 565F4E:@? E9C@F89 E@ :ED A2EC@?D[ :E >FDE C65F46[ :? 2 4@CC6DA@?5:?8 2>@F?E[ E96 565F4E:@?D :E 4@F=5 ?@C>2==J E2<6 7@C :ED A2J>6?ED E@ E96 A2EC@?D]k^Am

kAmkDEC@?8mr@CA@C2E6 A2EC@?D 27764E65k^DEC@?8mk^Am

kAm%96 `hhp 565F4E:@?[ :?4=F5:?8 E96 ?6H `hhpW8X[ 5@6D ?@E 2AA=J E@ E2IA2J6CD E92E 2C6 r r@CA@C2E:@?D] $A64:7:42==J E96 `hhpW8XWpX 565F4E:@?[ 2=E9@F89 >@56=65 27E6C E96 @=5 s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@?[ :D ?@H C6DEC:4E65 E@ “6=:8:3=6 E2IA2J6CD[” H9:49 2C6 E2IA2J6CD “@E96C E92? 2 4@CA@C2E:@?]” {:<6H:D6 `hhpW8XWaXWrX =:>:ED E96 4@@A6C2E:G6D’ @H? 565F4E:@? @?=J 3J BF2=:7:65 A2J>6?ED 2EEC:3FE65 E@ “6=:8:3=6 E2IA2J6CD]” %92E’D 3642FD6 E96 ?6H `hhpW8X 42? @?=J 36 A2DD65 E9C@F89 E@ ?@?\4@CA@C2E6 E2IA2J6CD[ :?4=F5:?8 D92C69@=56CD @7 $ r@CA@C2E:@?D]k^Am

kAmkDEC@?8m%C2?D:E:@? CF=6 E2<6D 67764Ek^DEC@?8mk^Am

kAm%96 ?6H =2H 2=D@ :?4=F56D 2 EC2?D:E:@? CF=6 7@C 72C>6CD H9@ C646:G6 2 4@@A6C2E:G6 A2J>6?E :? a_`g E92E :D 2EEC:3FE23=6 E@ BF2=:7:65 AC@5F4E:@? 24E:G:E:6D :?4@>6 7@C H9:49 E96 @=5 s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@? H2D 2AA=:423=6] %92E H:== :?4=F56 2?J BF2=:7:65 AC@5F4E:@? 24E:G:E:6D :?4@>6 2EEC:3FE23=6 E@ 2 4@@A6C2E:G6 E2I J62C 368:??:?8 367@C6 a_`g] (:E9 E96 @C:8:?2= s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@? 8@?6 :? a_`g[ E2IA2J6CD H6C6 =67E E@ H@?56C 9@H E@ C6A@CE DF49 s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@? 2==@42E:@?D] %96 =2H 4=2C:7:6D E92E DF49 72C>6CD H:== DE:== 36 23=6 E@ E2<6 E96 @=5 s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@? :? a_`g[ 2D =@?8 2D :E’D 2EEC:3FE23=6 E@ BF2=:7:65 AC@5F4E:@? 24E:G:E:6D :?4@>6 E92E H2D 2==@H65 E@ E96 4@@A6C2E:G6 7@C 2 E2I J62C 368:??:?8 367@C6 a_`g] }@ `hhp 565F4E:@? H:== 36 2==@H65 7@C DF49 A2J>6?ED]k^Am

kAm$@ :E 2AA62CD E92E D@>6 72C>6CD :? a_`g H:== 92G6 2? @=5 s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@?[ 2 “s@>6DE:4 !C@5F4E:@? p4E:G:E:6D s65F4E:@?\=:<6” `hhp 565F4E:@?[ 2?5 2 DEC2:89E\FA `hhp 565F4E:@?] p==@42E:?8 6IA6?D6D 2>@?8 E96 E9C66 >2J 36 :?E6C6DE:?8]k^Am

kAm':D:E k2 9C67lQ9EEAi^^HHH]42=E]:2DE2E6]65F^3=@8A@DE^7:I\8C2:?\8=:E49\?@H\=2H\6I2>A=6D\:?4=F565Q E2C86ElQ03=2?<QmHHH]42=E]:2DE2E6]65Fk^2m 7@C 6I2>A=6D 2?5 >@C6 :?7@C>2E:@?]k^Am