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NCFC WARNS OF AVOIDABLE TAX HIKE FOR FARMERS

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Jan 17, 2021 at 06:09 AM CST
The National Council of Farmer Cooperatives is concerned about a huge tax hike for farmers if the Treasury Department and IRS do not incorporate a fix passed by Congress. NCFC President/CEO Chuck Conner tells Brownfield Ag News Congress passed a fix to the so-called “grain glitch” in the 2017 tax cut bill signed into law by President Trump – but the IRS has not yet included it as it works on a final rule.

Jan 17, 2021 at 06:09 AM CST

The National Council of Farmer Cooperatives is concerned about a huge tax hike for farmers if the Treasury Department and IRS do not incorporate a fix passed by Congress. NCFC President/CEO Chuck Conner tells Brownfield Ag News Congress passed a fix to the so-called “grain glitch” in the 2017 tax cut bill signed into law by President Trump – but the IRS has not yet included it as it works on a final rule.