Estate Planning & Taxation

Business and Income Taxation

Helpful publications on business and income taxation

A Brief Overview of Business Types and Their Tax Treatment (PDF), by Congressional Research Service (December 2020).
Business Taxes for Agricultural Industries (PDF) , Kansas Department of Revenue Pub KS-1550.
C Corporate Tax Planning; Management Fees and Reasonable Compensation – A Roadmap of What Not to Do , by Roger A. McEowen, on the Agricultural Law and Taxation Blog (Feb 2021).
C Corporation Compensation Issues, by Roger A. McEowen, on the Agricultural Law and Taxation Blog (March 2021).
Partnerships and Tax Law – Details Matter , by Roger A. McEowen, on the Agricultural Law and Taxation Blog.
Planning for Tax Effects of Liquidating and Reorganizing the Farm and Ranch Corporation (PDF) , by Roger A. McEowen for the National Agricultural Law Center.
Selling Farm Business Assets – Special Tax Treatment (Part One), by Roger A. McEowen, on the Agricultural Law and Taxation Blog (March 2021).
Selling Farm Business Assets – Special Tax Treatment (Part Two), by Roger A. McEowen, on the Agricultural Law and Taxation Blog (March 2021).
Selling Farm Business Assets – Special Tax Treatment (Part Three), by Roger A. McEowen, on the Agricultural Law and Taxation Blog (March 2021).
What’s the Best Entity Structure For the Farm or Ranch Business? by Roger A. McEowen, on the Agricultural Law and Taxation Blog (May 2019).

Applicable Laws

K.S.A. 8-126 – Definitions. See this statute for updated definition of Work-site utility vehicle (which is outdated in the Pub KS-1550).
K.S.A. 79-3606 Exempt Sales (this statute lists sales that are exempt from sales tax, including farm machinery and equipment in subsection (t))

Other helpful websites for business and income taxation information

If you are having federal tax problems and have not been able to resolve them with the Internal Revenue Service (IRS), the Taxpayer Advocate Service (TAS) may be able to help you, and the service is free. TAS is an independent organization within the IRS. For more information, visit their website.

Estate Planning

Helpful publications on estate planning

A Revocable Living Trust – Is it For You?, by Roger A. McEowen, on the Agricultural Law and Taxation Blog (April 2021).
Advance Health Care Planning in Kansas (PDF) , by Erin Yelland, with the School of Family Studies and Human Services, Kansas State University.
Common Estate Planning Mistakes of Farmers and Ranchers (and others) (PDF) , from Washburn Agricultural Law & Tax Report, by Roger A. McEowen at Washburn University School of Law.
Estate and Business Planning for Farm and Ranch Family –Use of the LLC (Part One) , by Roger A. McEowen on the Agricultural Law and Taxation Blog (July 2020).
Estate and Business Planning for Farm and Ranch Family –Use of the LLC (Part Two) , by Roger A. McEowen on the Agricultural Law and Taxation Blog (July 2020).
Estate Planning in Second Marriage Situations , Roger A. McEowen, on the Agricultural Law and Taxation Blog (February 2019)
Farm and Ranch Estate Planning in 2020 (Through 2025) , by Roger A. McEowen, on the Agricultural Law and Taxation Blog (Mar 2020).
Farm Wealth Transfer and Business Succession – The GRAT , by Roger A. McEowen, on the Agricultural Law and Taxation Blog.
Form: The Kansas Judicial Council has provided a Durable Power of Attorney form on its website.
Long-Term Care insurance guide (PDF) , by the Kansas Insurance Department.
Should An IDGT Be Part of Your Estate Plan?, by Roger A. McEowen, on the Agricultural Law and Taxation Blog (March 2022).
Some Thoughts on Ag Estate/Business/Succession Planning , by Roger A. McEowen, on the Agricultural Law and Taxation Blog (November 2019).
Transition Planning: 12 Steps to Keep the Family Farming (PDF) , by Bryan Schurle, Rodney Jones, and Duane Hund, from K-State Research and Extension, Department of Agricultural Economics.
The Use of the LLC for the Farm or Ranch Business – Practical Application , by Roger A. McEowen and Marc Vianello on the Agricultural Law and Taxation Blog (Aug. 2020).

Applicable Laws

K.S.A. 65-28,103 provides a general format for a healthcare declaration (a.k.a. an advance directive, or living will).

Other helpful websites for estate planning information

For more information on Planning for Farm and Ranch Succession, visit the KAMS webpage dedicated to that topic.

Property Valuation and Taxation

Helpful publications on property valuation in Kansas

Answers to Commonly Asked Questions About Agricultural Land Value in Kansas (PDF) , by the Ag Use Section, Property Valuation Division (PVD), Kansas Department of Revenue (February 2017).

Applicable Laws

Article 11, § 1, of the Kansas Constitution provides for the classification and assessment of real property in Kansas. An unofficial copy of that constitutional provision can be found here (PDF), on the Kansas Department of Revenue’s website.
K.S.A. 79-1476 is the statute that provides for the statewide reappraisal of real property and the duties of the state director of property valuation and the county and district appraisers. You can view that statute here (PDF), on the Kansas Revisor of Statutes website.

Other helpful websites for information on property valuation in Kansas

Cash Rent Statistics: The Kansas Department of Revenue, Division of Property Valuation, relies on regional cash rental rate studies performed by Kansas Agricultural Statistics and Kansas State University.
General Information: The Division of Property Valuation, Agricultural Use Section, within the Kansas Department of Revenue, is responsible for issuing agricultural land values to all counties on an annual basis. KDOR has some helpful information on its website here.
Land Buying and Valuing: Kansas State University has some annual information about land buying and valuing on its AgManager website, here.
Land Use Value Research: Kansas State University has some land use value research on its AgManager website, here.
Soil Surveys: Agricultural land valuation is dependent upon soil type. The Division of Property Valuation, Agricultural Use Section, within the Kansas Department of Revenue relies upon soil surveys published by NRCS. Soil surveys can be found at the NRCS website here.