University of Maryland Extension

taxes

Property tax incentives for urban agriculture

Urban Ag home | Table of contents Some states and cities have created tax incentives, like reductions in property taxes or tax rebates, to help encourage urban agriculture. Usually the state legislature passes an enabling statute allowing localities to choose to enact an incentive and giving the...

Income taxes for for-profit businesses

Urban Ag home | Table of contents An owner of an LLC pays taxes just as a sole proprietor does: all profit is considered personal income and taxed accordingly at the end of the year. Generally, a business owner will want to avoid double taxation in the early stages. The LLC structure prevents that...

Choice of business entity structure

Urban Ag home | Table of contents How you choose to structure your farm operation is an important risk management decision. But, choosing isn’t always easy. There are several types of business entities, each with its own pros and cons, and states have different requirements for different business...

Taxes and related legal issues

Urban Ag home | Table of contents Taxes and related legal issues topics: Choice of business entity structure Income taxes for for-profit businesses Taxes for not-for-profit organizations Property tax incentives for urban agriculture Previous page: Marketing laws and social media Next page: Choice...

Timber Tax Update for the 2014 Tax Year

Thursday, Feb. 5, 2015 - 2:00pm to 3:00pm
Online
This webinar is designed to help woodland owners, foresters and their tax advisors prepare for the filing of their 2014 federal tax returns. In addition to providing useful tax tips and covering the latest changes to tax law, the webinar will also cover these important issues: tax deductions,...

Tax and Estate Planning for Maryland Forest Landowners (FS-630)

Forest landowners in Maryland can increase the financial returns ofn their forest stewardship efforts by minimizing property, income, and estate taxes. This fact sheet describes several laws and programs that enable forest landowners to decrease their tax liabilities.

Income Tax on Timber for Your 2013 Tax Return Filing

Wednesday, Mar. 5, 2014 - 12:00pm to 1:30pm
On-line webinar
You are invited to attend this free webinar that will address income tax on timber deductions, timber income and the latest tax law changes. For: Foresters, Landowners, Land Managers, Tax Preparers, Accountants, Attorneys, Natural Resource Professionals Time: 12:00 noon Eastern Time, March 5 (...

Taxes and Land Preservation: Computing the Capital Gains Tax

Many farmers have their wealth tied up in their land and would like to convert some this land value into cash. Others want to ensure that their lands stays farmland forever. Some farmers wand to preserve their property's characteristics and amenities. Others want to make it more affordable for...

Farmland Preservation: An Estate Planning Tool

Maryland's rural landscape continues to change. While some farmers choose to sell their farms to residential developers, in other cases farmland is lost because the owner dies and the family cannot afford to pay the estate taxes without selling all or part of the farm. This fact sheet presents...

Estate Planning for Farm Families

All people who own real or personal property should engage in estate planning. Estate planning is particularly essential for those farmers whos real estate property values have increased dramatically because of urbanization. Families who find themselves land rich but cash poor and who fail to...
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