Neiffer: Tax Reform to Benefit Farmers, Death Tax’s Replacement – AgWeb

President Donald Trump has made and proposed several changes in his less than two weeks in office. Tax reform is one of the things to change under his watch.

On AgriTalk Monday, Paul Neiffer, CPA with CliftonLarsonAllen told host Mike Adams it’s “likely” the U.S. will experience tax reform in 2017. Destination-based cash flow tax (DBCFT) could be one to benefit farmers who export products outside the U.S. Those products, according to Neiffer, would be nontaxable.

The downside would be for farmers who import products from foreign countries. Those products would be non-deductible. Neiffer says to some degree, this will be how Trump will pay for a wall along the U.S.-Mexico…

Read the full article from usatoday.com…

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