Don't Forget our Library of TaxPlace Resources!
August 30, 2016 Webinar Replay - Net Operating Losses
August 25, 2016 Webinar Replay - Hobby Losses
August 25, 2016 The Scoop - August 24
August 23, 2016 Webinar Replay - How to Prepare Your IRS Appeals Request
August 19, 2016 IRS Proposes a Revised Fee Schedule for Installment Agreements
August 18, 2016 Applicable Federal Rates (AFRs): September 2016
August 5, 2016 IRS Seeks to Implement PATH Act's ITIN Provisions
August 4, 2016 Illinois Enacts Law to Oversee Tax Return Preparers
Join us for the 43rd Annual Federal Income Tax Schools!
Speaking of taxes, we're accepting registrations for our 43rd Annual Federal Income Tax Schools, offered at eight locations across Iowa. We have a great lineup of speakers and topics for this annual two-day event. We hope you'll plan to join us!
November 2-3: Maquoketa
November 7-8: Red Oak
November 9-10: Sheldon
November 14-15: Mason City
November 17-18: Ottumwa
November 21-22: Waterloo
December 5-6: Denison
December 12-13: Ames and Live Webinar
New Department of Labor Rule Means Big Changes for Overtime Requirements
Beginning December 1, 2016, the United States Department of Labor (DOL) will begin enforcing a new rule that will radically change overtime pay requirements throughout the country. The Final Rule, 81 FR 32391, officially called “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees,” is projected to make around 4.2 million salaried workers suddenly eligible for premium overtime pay.
The Rule will substantially change the way employers and their payroll professionals must track workers’ number of hours and pay. It will likely lead to increased baseline salaries for a number of lower-level white collar workers. It will also result in mandated 40-hour work weeks for a number of others. While this new Rule has big implications for many U.S. employers, it does not greatly impact most agricultural employees. That is because most farm employers are exempt from overtime pay requirements under the Fair Labor Standards Act (FLSA). The new Rule does not change these exemptions.
This fact sheet provides a general overview of this new Rule, as well as its impact on the agricultural industry. Employers and their payroll professionals are advised to consult with legal counsel if they are unsure about how this Rule impacts them.
To continue reading, click here.
Rural Premises Liability in Iowa: A Legal Review
This month, we present the third in a series of legal reviews intended to provide an overview of an area of law important to agriculture in Iowa. In June, we published Iowa Farm Leases: A Legal Review, in July Iowa Fence Requirements: A Legal Review, and this month, Rural Premises Liability in Iowa: A Legal Review. Please contact us with additional topics you'd like to see covered in future newsletter editions. Your feedback is very important to us!
Owning property is richly rewarding. It can also be fraught with liability. This fact sheet provides a general overview of several key legal issues that owners and occupiers of rural property in Iowa should understand. It is not a comprehensive review of liability risks or the steps landlords or tenants can take to reduce them. Rather, it is designed to educate landlords, tenants, and those who advise them regarding the main forms of tort liability associated with possessing rural property in Iowa. Landowners and tenants are encouraged to consult with legal counsel and insurance experts for additional information and advice on how to mitigate specific liability risks.
Any discussion of premises liability should start with a general principle. Every one of us, whether we own property or not, possesses a duty to exercise reasonable care when our conduct creates a risk of physical harm. Bottom line, tort law requires that we take responsibility for our own actions and the hazards we create. If we don’t, we can be sued and ordered by a court to pay damages to those we have harmed. Although there are a number of different torts or civil causes of action for which plaintiffs may seek damages, far and away the most common is negligence. It is the cause of action most frequently leading to premises liability.
To continue reading, click here.
New Small UAS Rule Is In Effect
During the past several years it often seemed like the day would never come. But Monday, August 29, the new FAA rule for integrating small unmanned aircraft systems (UAS) into the U.S. airspace went into effect. The rule applies to all UAS weighing less than 55 pounds (sUAS) that are flown for commercial (not hobby) purposes. Any farming use falls into the commercial-use category. Operators can continue to fly a sUAS for fun without permission from the FAA. All sUAS operators, however, must register their aircraft with FAA through a straightforward, online registration process. Registrants must be 13 years of age or older. The operator must label the aircraft with the official registration number generated during the registration process.
As we told you in June when the sUAS rule was issued, 14 CFR part 107 (Part 107) opens the skies for many new sUAS to fly commercially without lengthy or burdensome procedural barriers.
Operators must have a remote pilot certificate with a small UAS rating. But the requirements to obtain the certificate are straightforward.
Read the full blogpost here.
Donate to CALT
As you know, our work at the Center is dependent on the fees generated by seminar registrations and gifts. If you would like to donate to further the Center's efforts, please contact our Program Administrator, Tiffany Kayser at email@example.com or (515) 294-5217. You can also give online with a credit card. We thank you for your generous support.
It's Not Too Late! Join us Next Week in Ames
We are one week out from our September 8-9 September Seminars: Navigating Changing Times. If you register online today or send your registration postmarked today, you can still attend at our early-bird rate. Of course, you can register all the way through the time the conference begins. We accept walk-ins, and we are offering an online webinar for those who cannot attend in person. We have had a wonderful response to this two-day event, and we hope to see you there!
Day one is our Agricultural Law Seminar (cosponsored by the Iowa Bar and Iowa Farm Bureau) and Day Two is our Farm Tax Workshop (taught by Professor Philip Harris). This annual event will be held at the Quality Inn & Suites in Ames. There is a complimentary reception the evening of September 8 sponsored by the Drake University Agricultural Law Center. Check out the agenda providing a detailed list of topics and speakers and register today!
Other August Happenings
Director Search: We Need Your Help!
The College of Agriculture and Life Sciences at Iowa State University is seeking a Director for the Center for Agricultural Law and Taxation. We are seeking your input in identifying potential candidates for this key position. Thanks for all of the support you have provided us during this transition period. We look forward to what's ahead as we continue to serve amazing constituents.
The Center for Agricultural Law and Taxation 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. The Center'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.