Farmers often ask if they can own farmland in an IRA. The technical answer is yes. But the more important and practical answer is you typically should not own farmland in an IRA.
Since the Form 943 is due in January 2022, it is extremely important for you to review your operation to see if you qualify for the Employee Retention Credit.
Many assume it will make the spouse benefit equal to 50% of their own higher benefit, but that only applies if they start collecting at full retirement age.
