Filtering by tag: Health & Nutrition ✕

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How the New SALT Cap Affects Income Taxes

H.R.1, the "Big, Beautiful Bill" that was signed into law on July 4, 2025, increased the federal income tax deduction associated with how much a taxpayer paid for their state and local property taxes…

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Effects of Big, Beautiful Bill on Income Tax Rates, Deductions

On July 4, 2025, Pres. Trump signed H.R.1, which is officially titled the "One Big, Beautiful Bill Act." Under H.R.1, there are a variety of changes to the existing tax code, among other legislative…

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NC Auto Insurance Minimum Coverage Levels to Increase Starting 7/1

Starting July 1st, 2025, North Carolina auto insurance policyholders should expect increases in their minimum coverage levels and, as a result, the cost of their insurance policies.Session Law (S.L.)…

Flyer for Helene Tax Webinar

Helene: SBC to Host Free Storm Tax Webinar for WNC Farmers

On Thursday, April 3rd, 2025 from 6:00 PM to 7:30 PM, the Small Business Center at Mayland Community College will host Prof. Nicholas Brown for a free disaster tax relief webinar. Attendees who wish…

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Will Your Life Insurance Policy Be Subject to Estate Taxes?

At a recent extension event, a question was raised about whether an individual's life insurance policy placed on themselves was considered part of the 'gross estate,' which is subject to the estate…

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BOI: FinCEN Announces No Penalties for Non-Compliance

It has been a week since the last update on beneficial ownership information (BOI) reporting requirements, which means that, naturally, things have changed again in the meantime.On February 27, 2025,…

U.S. Treasury seal centered on banner reading "Financial Crimes Enforcement Network"

CTA: Federal Court Reinstates BOI Reporting Requirements for Business Owners

The beneficial ownership information (BOI) reporting requirements are, once again, mandatory after a federal court decision last week.On February 17, 2025, the U.S. District Court for the Eastern…

The Orchards Overlook

Helene & Taxes: Frequently Asked Questions for Affected Farmers, Business Owners

As the 'ag tax' professor at NC State, I have made it my mission since the devastation caused by Hurricane Helene and Hurricane Debby to provide as much tax information as possible to help those…

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Conference: Brown Presents Latest on BOI Requirements, Helene Tax Rules

Nicholas Brown, an editor for Farm Law & Tax, recently gave a presentation at the 2025 N.C. Cooperative Extension State Conference in Greensboro, North Carolina on January 8. Brown presented the…

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Scams: Fraudulent Schemes that LLC Owners Should Know About

Starting a new business can be scary enough, and the last thing that any new business owner wants is trouble with the government. Unfortunately, scammers know all this too well and two scams have…