The Latest Chapter in the CRP Saga

dc.contributor.author	Harl, Neil
dc.contributor.department	Iowa State University Digital Repository
dc.date	2018-02-19T06:26:57.000
dc.date.accessioned	2020-06-29T22:57:13Z
dc.date.available	2020-06-29T22:57:13Z
dc.date.embargo	2017-12-19
dc.date.issued	2013-06-28
dc.description.abstract	<p>On June 18, 2013, the United States Tax Court, with 15 judges agreeing (one was not participating in the decision), held that an investor in farmland which the investor bids into the Conservation Reserve Program1 is subject to the 15.3 percent self-employment tax on the basis that such an investment is a trade or business.2 The decision follows a drumbeat of published authority from the Internal Revenue Service beginning in 20033 that everyone signing up for the CRP program (and, by implication those signing up for a range of other federal programs) is subject to self-employment tax. The drumbeat continued with Notice 2006-108 which, among other unsupported assertions, stated that the key ruling Rev. Rul. 60-324 was being obsoleted by a draft revenue ruling that was never issued.5 The Tax Court, unfortunately, accepted the IRS position in the matter with little or no attention to conflicting authority with a result that appears bizarre when viewed with other authority in the area.</p>
dc.identifier	archive/lib.dr.iastate.edu/aglawdigest/vol24/iss13/1/
dc.identifier.articleid	2184
dc.identifier.contextkey	11273480
dc.identifier.s3bucket	isulib-bepress-aws-west
dc.identifier.submissionpath	aglawdigest/vol24/iss13/1
dc.identifier.uri	https://dr.lib.iastate.edu/handle/20.500.12876/3664
dc.source.bitstream	archive/lib.dr.iastate.edu/aglawdigest/vol24/iss13/1/AgLawDigest_v24n13_01.pdf\|\|\|Fri Jan 14 17:51:00 UTC 2022
dc.subject.disciplines	Agricultural and Resource Economics
dc.subject.disciplines	Agricultural Economics
dc.subject.disciplines	Agriculture Law
dc.subject.disciplines	Public Economics
dc.title	The Latest Chapter in the CRP Saga
dc.type	article
dc.type.genre	article
dspace.entity.type	Publication
relation.isJournalIssueOfPublication	695ef8da-c180-4a7c-8281-aa5d3d2a558f
relation.isOrgUnitOfPublication	d2bcee6c-7cba-4fa7-bd11-543354ce7b1b

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