By Gordon Groover Extension Economist, Department of Agricultural & Applied Economics, Virginia Tech
Farm business managers should consider putting the following activities on their management calendar for December and January.
- Before the end of the year (calendar tax year filers), follow up on end-of-year tax management strategies recommended by your tax advisor. Additional information can be found in IRS publication 225 Farmer’s Tax Guide at www.irs.gov/pub/irs-pdf/p225.pdf. Hard copies of Farmer’s Tax Guide can be obtained from many of your public libraries. Continue reading