As a CPA who survived last year’s difficult tax season due to implementing the expansive changes that were enacted by the Tax Cuts and Jobs Act (TCGA), I have taken a step back and revisited some of the less-publicized and -known provisions of the new tax law.

The IRC section 1031 exchange is one of the most powerful tax-saving and wealth-building tools available for people who own highly appreciated land.

With decreasing commodity prices, many farmers are looking for ways to raise cash and pay down debt. One strategy that is often considered involves selling farm assets that are no longer used (or have become unproductive).

I was born and raised in St. Charles, a rural town in southeastern Idaho. No, my parents didn’t run a potato farm, although the size of our potato garden might lead you to believe so. Rather, we ran a small cattle ranch.