The Center for Agricultural Law and Taxation (CALT) at Iowa State University, created by the Iowa Board of Regents in 2006, provides timely, critically objective information to producers, professionals and agribusinesses concerning the application of important developments in agricultural law and taxation (federal and state legal opinions of relevance, as well as critical legislative developments), and is a primary source of professional educational training in agricultural law and taxation. CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.
Current and Upcoming Events
2013 Farm and Urban Income Tax Schools
Registration is now available, click here
To learn more, click here
Click here for handouts from 2013 Farm and Urban Income Tax Schools
2013 Fall Ethics
2014 Summer Seminars
- June 26-27, 2014 - Holiday Inn West Yellowstone, Montana (more information to come but to learn about the hotel and area, visit: http://www.visityellowstonepark.com) - co-sponsored with Idaho, Wyoming, Montana and Washington Societies of CPAs
Ag Law and Taxation Items of Interest
Iowa Supreme Court Shoots Down Hunting Rights
December 9, 2013 - In a recent opinion, the Iowa Supreme Court ruled that landownership rights do not include the right to hunt beyond the extent the state allows by statute and regulations. The case involved three Iowa landowners that were deemed to be nonresidents and treated differently than residents under the Iowa hunting rules and regulations. Read our article on the matter here.
Failure to Comply With DNR Consent Order Results in Large Fine
December 5, 2013 - An Iowa salvage yard owner repeatedly failed to comply with a DNR consent order and renew an NPDES permit and earned a large civil fine. Read our summary of the case here.
Wind Energy Company Nailed For Violations of Federal Law At Wyoming Wind Power Station
November 28, 2013 - A major U.S. energy company has entered into a settlement with the federal government for criminal violations of the Migratory Bird Treaty Act for killing protected species of birds at its wind power station near Casper, Wyoming. Under the settlement, Duke Energy Corporation has agreed to pay $1 million for killing the protected birds, including 14 eagles, without a federal permit. You can read the news story, click here
Court Says Pollution-Exclusion Clause Does Not Bar Hog Odor Suit
November 21, 2013 - The Illinois Court of Appeals has held that an insurer's standard "pollution exclusion" clause in an insurance policy does not apply to hog odor. As a result, insurers may have a greater obligation to defend farmers against lawsuits involving hog (or similar) odors. Or, insurance companies may make attempts to change the exclusion language.
Social Security Administration Provides Inflation-Adjusted Figures for 2014
November 5, 2013 - The Social Security Administration has released the 2014 inflation adjusted numbers for numerous items of importance including the COLA adjustment, tax rate, maximum taxable earnings and exempt amounts for the retirement earnings test, among other things. You can access the SSA Fact Sheet at this URL: http://www.ssa.gov/pressoffice/factsheets/colafacts2014.pdf
Inflation Adjusted Amounts for 2014
November 1, 2013 - The IRS has released the inflation adjusted amounts for various tax items for calendar year 2014. Included are the new numbers for the tax rate schedules, standard deduction, limitation on itemized deductions, limits for various credits and other important information. You can access the new numbers here (IRS Notice 2013-35).
Exemption From NPDES Permit Requirement For Ag Stormwater Discharges Upheld
October 24, 2013 - A West Virginia federal district court has given the phrase “agricultural stormwater discharge” its common-sense ordinary meaning to exempt chicken dander contacting with rainwater from the NPDES permit system.
IRS Announces Drought Counties - Areas Eligible For Extended Replacement Period For
October 22, 2013 - The IRS, has finally announced the counties that didn't have a drought free year where livestock owners get an extended period of time to sell livestock and treat the sale under the involuntary conversion rules. Read our article about the rule and see the list of counties here.
IRS Proposes New Fee Changes for Installment Payment Agreements and Offers To Compromise
October 9, 2013 - Regulations have been proposed that would change fees for installment payment agreements and offers to compromise. The new fees would be applicable beginning in 2014. To see the proposed changes, click here.
FBAR - It's "Tax Administration" and IRS Can Use Return Information for FBAR Purposes
October 8, 2013 - A recent court ruling has said that IRS can use tax return information for purposes of an FBAR proceeding. Make sure you know whether your clients are subject to the FBAR rules because the penalties for noncompliance can be huge. Read our summary of the case here.
Court Denies Injunction Against COOL Rules
September 24, 2013 - A federal judge has denied the meatpacking industry's attempt to slap an injunction against implementation of the final country of origin (COOL) labeling rules. The court said the packers wouldn't likely prevail on the merits and it wasn't in the public interest to issue an injunction. One of the claims of the packers is that providing consumers with information about the origin of meat products violates the meatpackers' free speech rights. The court had a different view of the matter, however. Read our article here.
Biggest Tax Fraud in Indiana History Involves Biofuels
September 23, 2013 - Two people have been indicted by the federal prosecutors in Indiana for allegedly defrauding people by supposedly providing "government certified top-quality biodiesel." The pair, Joseph Furando and Katirina Tracy, sold through their associated companies over 35 million gallons of mislabeled "alternative fuels" as "premium biodiesel to service stations and truck stops. The indictment claims that the scam cost consumers over $100 million. News reports indicate that the pair have been released on bail with one of them facing an additional charge stemming from making false statements to the FBI in 2012. The U.S. Attorney's office that has secured the indictment in federal court in Indianapolis called the indictment "the largest tax and securities fraud in Indiana history." [compiled from various news reports]
Detailed news story on this: http://www.biodieselmagazine.com/articles/9332/feds-charge-e-biofuels-imperial-cima-green-and-others-in-scheme
Family Disputes End Up In Court
Aug. 17, 2013 - In two recent cases, the Iowa Court of Appeals handled family disputes in two separate cases. One case involved a child's option to buy farmland, and the other addressed a purported transfer of land to a daughter and whether the proceeds of harvest of a crop that was growing at the time of the landowner's death belonged to the estate. Read our summaries of the cases:
IRS Draft Form on Net Investment Income Tax
August 16, 2013 – The IRS has released Form 8960, the Form to be used to report income subject to the additional 3.8% Medicare surtax contained in the 2010 health care law. Read our summary of the Form and view the Form here.