Browse articles by year: 2016 (18)
Newsletter articles from 2013
CRP payments subject to self-employment tax
On June 18, 2013, the United States Tax Court issued a decision finding that payments received under the U.S. Department of Agriculture Conservation Reserve Program (CRP) are includable in a taxpayer’s self-employment income, ruling that the taxpayer was engaged in a trade or business and that a nexus existed between his trade or business and the CRP payments he received.
“Farm” bankruptcies and the ripple effects
Perhaps in no area of the law are the problems any bigger than in the realm of bankruptcy, and these problems are magnified and made more difficult when the “farmer” is one of these large operators.
Illinois tries to ensnare snowbirds (again)
This is a follow-up to the article titled “Snowbirds Fly Free of Illinois Tax” that was published in the March 2013 edition of the ISBA Agricultural Law Newsletter.
A move towards a more fair division: Envisioning a new Illinois Fence Act
This article describes fence law models applied in major agricultural producing states, examines the current Illinois statute and case law, and recommends, based on economic efficiency principles, revising the Illinois Fence Act to reflect modern land use practices based on the equitable cost-sharing model adopted by the Missouri Legislature in 2001.
My attorney won’t tell me what I should do!
An attorney should not tell you what you want to accomplish, but should advise you how to accomplish your goals. It’s an important distinction to understand.
Snowbirds fly free of Illinois tax
In a surprisingly taxpayer-friendly decision, Cain v. Hamer provides a judicial road map for Illinois residents who spend a portion of the year out of state.