U.S. Tax Court Says that CRP Payments Are Subject To - TopicsExpress



          

U.S. Tax Court Says that CRP Payments Are Subject To Self-Employment Tax In the Hands on a Non-Farmer June 19, 2013 - In a stunning reversal of course, the U.S. Tax Court has agreed with the IRS that the signing of a CRP contract coupled with compliance with the contract provisions (whether personally or via an agent) results in the party signing the contract being in the business of participating in the CRP and engaging in an "environmentally friendly farming operation." The result was that the CRP payments were subject to self-employment tax. Read our summary of the whole debate and the recent case: calt.iastate.edu/crptaxcourt.html
Posted on: Thu, 20 Jun 2013 18:06:08 +0000

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