Following a positive trend over the last few years, 2018 saw some favorable changes for NYS farmers. Three important items for farmers and their advisers to keep in mind are the food pantry credit, the property abatement and exemption changes, and the ways that changes made by the Tax Cuts and Jobs Act to section 1031 exchanges could jeopardize the farmers’ school tax credit (FSTC).
Federal immigration enforcement actions at places of business have increased exponentially in the last year. Do you know what to do if immigration officers come to your business? The Rural Law Initiative of Albany Law School has developed an info sheet to help you understand your rights and responsibilities when it comes to immigration enforcement at your business.
The first few words of the FFA’s creed reads, “I believe in the future of agriculture.” In honor of National FFA Week, we just wanted to take moment to recognize all of the supporters – current, former and future FFA members – who are committed to achieving FFA's motto for the future of American Agriculture.
It’s the time of year when tax staff across Farm Credit East are working extra-hard to help our customers wade through the complexity of farm income taxation. Before the craziness of income tax season set in, Jean Gallagher spent some time chatting with Nick Norton, a Tax Specialist in our Presque Isle, ME, branch office about his career with Farm Credit East so far.
