Farm CPA Report

Farm CPA Report

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April 15 is ARC/PLC Final Decision Date
Less than a month before final deadline for ARC versus PLC decision
 • 
Paul Neiffer
Can We Believe the FSA Handbook
FSA updated handbook 6PL for the new ECAP average gross income rules and we need to be carefuld
 • 
Paul Neiffer
How Are Single Member LLC Reported For ECAP Payment Limits
We review what is required to determine whether a single member LLC qualifies for an extra payment limit
 • 
Paul Neiffer
Interim Guidance on BOI is Released
FinCEN finally released guidance on BOI reporting for domestic entities
 • 
Paul Neiffer
ECAP Allows for Increased Payment Limit Based on Gross Revenues not AGI
We continue to get questions on this subject
 • 
Paul Neiffer
A Spreadsheet to Help with Revenue Reporting for ECAP
We provide a spreadsheet to help with revenue reporting for ECAP
 • 
Paul Neiffer
GP and JVs are now "Legal Entities" for ECAP Purposes
This means if you want to qualify for an increased payment both the entity and you will need to qualify.
 • 
Paul Neiffer
Are You Ready for C-SALT
There is chatter about putting a limit on the deductibility of State and Local Taxes (SALT) for C corporations.
 • 
Paul Neiffer
Additional ECAP Information
USDA has released a Fact Sheet, FAQ, and a Calculator for ECAP
 • 
Paul Neiffer
Finally, ECAP Details are Released
USDA Announced the Details for ECAP today
 • 
Paul Neiffer
Get Ready to be Swamped With Farmer's Revenue Letters
Extra payment limits are allowed for farmers whose farm revenue exceeds 75% of total revenue. You will be writing these letters before April 15.
 • 
Paul Neiffer
Will Taxes Be Eliminated if Income is under $150,000
The Administration is proposing eliminating taxes on income under $150,000.
 • 
Paul Neiffer
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