Filtering by tag: tax ✕

Recorded Webinar: End of Year Tax Planning

On October 23, 2025, Prof. Nicholas Brown presented an end-of-year tax planning webinar for beef and dairy producers in conjunction with NC Cattleman's and NC Dairy Producers.The webinar covered a…

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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…

Alexandra Hammock, Delivering Lecture to Students

Prominent Tax Attorney Delivers Guest Lecture to Agribusiness & AGI Classes

On February 25, Alexandra Hammock flew from Atlanta to Raleigh to deliver tax-related guest lectures to students in Prof. Nicholas Brown's ARE420 Agribusiness Tax and ARE106 Agribusiness Law…

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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Valentine's Day: How to Handle Alimony on Your Tax Return

Happy Valentine's Day! As I have stated before, I always look forward to writing holiday-themed articles and today seemed like the perfect day to discuss alimony on your tax return.Prior to my…

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2025 Mileage: IRS Increases Mileage Rates But Leaves Other Rates In Place

The IRS recently announced a $0.03 increase for the optional standard mileage rate for business uses in 2025. The IRS also announced that there will be no change in the optional mileage rate for…

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EFM: Brown Presents Latest on BOI Requirements, 2025 Tax Outlook

Nicholas Brown, an editor for Farm Law & Tax, recently gave a presentation at the Executive Farm Management (EFM) Program in Raleigh on February 3, 2025. Brown's presentation covered the latest…

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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…

2024 in Review: Top Tax Articles This Year

In my first semester as an assistant extension professor at NC State University, I have been blessed with many great opportunities: the opportunity to present materials to farmers and agribusiness…

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Bonus Depreciation: Scheduled Decrease from 60% to 40%

The Special Depreciation Allowance, commonly known as 'bonus depreciation,' will continue to sunset from 2024 to 2025, going from 60% to 40%. This scheduled decrease is part of a larger schedule that…