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On March 17, 2021, IRS issued the following news release:

On March 17, 2021, the Iowa Court of Appeals issued another opinion in a family dispute regarding the management and ownership of a trust.

President Biden signed the American Rescue Plan Act of 2021 (ARPA), H.R. 1319, into law on March 11, 2021.

Note: This post has been updated to include new guidance and forms published March 12 and March 18 at the bottom.

Between the pandemic, a trade war, and assorted natural disasters, agricultural producers, like most other businesses, faced a difficult 2020.

On March 2, 2021, the United States Court of Appeals for the Tenth Circuit determined that the district court abused its discretion when it granted the State of Colorado’s request to stay the effective date of the Navigable Waters Protection Rule

With tax software missing key updates and some important questions remaining unanswered, some farmers who did not pay estimated tax by January 15 may not be in a position to file their returns by March 1.

It’s almost March 1, which means that many farm leases around Iowa are beginning anew.[i] This key date is a good time to remind landlords of several available options to reduce the risks associated with nonpayment.

On February 26, 2021, the Iowa Supreme Court issued an opinion concerning whether a county board of adjustment illegally granted an area variance.

Update: On March 11, the American Rescue Plan Act was signed into law. The new law extends the ERC through December 31, 2021, with some modifications to quarters 3 and 4.

On February 19, 2021, the Iowa Supreme Court considered whether an interested party can challenge the validity of a will while the testator is alive.

On February 10, I had the opportunity to speak at the Illinois Soybean Association's 2021 Soybean Summit regarding recent updates to the Paycheck Protection Program and the tax law.

On February 3, 2021, the Iowa Court of Appeals issued an opinion in a father-son dispute over their member-managed LLC.

On February 4, 2021, the Iowa Department of Revenue issued guidance on its nonconformity with the Consolidated Appropriations Act of 2021.

On February 3, 2021, the Iowa Court of Appeals denied the request of farm borrowers to remand for a hearing on whether the district court should set aside the sale of their real property in a sheriff’s sale.

On January 21, 2020, the Iowa Court of Appeals issued an opinion interpreting an alleged oral agreement between two cattle producers.

On January 21, 2021, the Iowa Court of Appeals affirmed a trial decision ruling that an insurance company did not have a duty to defend its policy holder against claims for fire damage.

On January 21, 2021, the Iowa Court of Appeals issued a ruling considering whether a county zoning Board of Adjustment properly granted an application for a wind turbine project.

Note: On January 19, the PPP was opened to all lenders. SBA released guidance regarding how to calculate revenue reduction and loan amounts for a Second Draw PPP loan.

On Monday, December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (CAA).