Taxes
All in all, the Tax Relief Act of 2010 was probably the best Christmas gift given to farmers by Congress in a long time.
Here’s a look at what writers across the country said about that issue, along with crop chemicals and commodity swaps, this weekend.
Following several years of IRS investigation, Wednesday Sens. Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.) launched their own probe into the potential abuse of syndicated conservation easement transactions.
Farmers still face many unknowns in regard to the new tax law, says Paul Neiffer, tax principal with CliftonLarsonAllen.
Genetically modified sugar beets on hold; update your health care directive; Large farms better suited for cob collection; new products for crop insurance
These are two of the best tools in your tax planning kit, but you need to make sure to follow the rules.
This year, more than ever, you need to spend time with your tax adviser to pin down the right amount of taxable income to report.