A year ago, I wrote, “When the pandemic started, I don’t think any of us would have anticipated that nearly a year later we would still be enduring the pandemic.” Well now, nearly two years later, every time we think we see light at the end of the tunnel, the virus develops a new variant...

If we look back a year, who would have thought that 2021 would become 2020 2.0? I’m sure everyone had to deal with new challenges in 2021, such as supply chain issues, rising costs, the ongoing threat of virus mutations and staffing shortages to name a few. Despite these challenges, I was still glad to...

The Internal Revenue Service (IRS) issued final rules regarding the domestic production activities deduction 199A(g) (DPAD) Thursday. The IRS has made the decision to not allow the DPAD to apply to non-member-based business. The Office of Information and Regulatory Affairs (OIRA) completed its review of the final regulations under 199A(g) and plan to reveal guidance...

It’s that time of year when we reflect back on what happened over the past year. In many ways, 2019 looked very similar to 2018. That’s not necessarily a good thing. Most of you couldn’t be done with 2018 fast enough. Once again, we saw a very wet spring.  We thought the spring of 2018...

I believe the general consensus is that everyone is glad to have 2019 behind us!  What does 2020 hold for the industry and our clients?  As always, our perspective comes from being involved in your audits, board and annual meetings, planning sessions, visiting with management and being immersed in agriculture.  Here are our thoughts: Capital...

The Tax Court recently issued a long-awaited ruling in the GROWMARK section 199 case.   As in the AGP case (issued in October), the Tax Court ruled that section 199(d)(3) does not require separate domestic production activities deduction (DPAD) computations for patronage and nonpatronage activities. However, once DPAD is computed it must be allocated between patronage...