Taxes
This week Paul Neiffer has a conversation with former U.S. Rep. Collin Peterson (D-Minn.), who as the U.S. Representative for Minnesota’s 7th congressional district from 1991 to 2021.
Deferred grain contracts are helpful tax planning tools. Unfortunately, farmers often skip a vital step.
Are you ready for 2022? As we round out the reflection period of the year, join Top Producer for two interactive online sessions.
There’s no one better to provide a realistic and informative take on tax planning than Paul Neiffer, principal with CLA and author of “The Farm CPA” blog.
Due to uncertainty in tax policy, you likely pushed the pause button on tax and succession planning for your farm. As you enter 2022, it’s time to be proactive.
If your spouse dies, look into filing Form 706 Federal Estate Tax Return with the IRS. Taking that step could help you protect farm assets so they pass to your heirs without estate taxes. The process isn’t automatic.
