Taxlink
It is important to follow government and IRS reporting requirements. A little time and effort can prevent issues down the road.
West Texas Intermediate futures closest to expiration on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange...
A new Treasury Inspector General for Tax Administration audit of biofuel tax credits claimed in 2022 finds the potential for fraud.
Two farmers who have struggled with and overcome their own mental health issues urge other farmers and ranchers to talk about mental health...
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Rod Mauszycki is a principal in the Agribusiness and Cooperative group at CliftonLarsonAllen. He specializes in tax compliance, planning and research. Mauszycki has broad experience in corporate, partnership and individual tax matters including mergers and acquisitions, tax planning, succession/transition planning, tax return review and federal and state controversies. He earned a masters of business taxation at the University of Minnesota, bachelor of science degree from the University of Notre Dame and a law degree from Stetson University.
It is important to follow government and IRS reporting requirements. A little time and effort can prevent issues down the road.
The American Families and Workers Act has some provisions that have relevance to farmers and their tax situations.
As more farmers look to futures markets to reduce risk, there are two techniques they can use: hedging and speculation. There are positives and negatives, and tax implications, to each technique.