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By KENNY NEARHOOF
Accounting Officer, AgChoice Farm Credit 

Tax Planning Tips and Important Tax Preparing Strategies

 

October 10, 2019



By KENNY NEARHOOF

Accounting Officer

AgChoice Farm Credit

It’s October. Many people are not thinking about tax planning. However, tax planning is crucial to do every year.

Not just to look at income and expenses, but also at tax preparing strategies that are uniquely available to farmers. Here are three main tips, and two preparation strategies to gain the most from your planning visit with your farm accounting and tax professional.

Three Tips

Collect records on all of your capital purchases and disposals during the year, including any livestock. Information on purchases will reveal...



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