Farm Credit East offered an educational webinar regarding new payroll and tax provisions outlined in the newly passed Families First Coronavirus Response Act (FFCRA) and Coronavirus Aid, Relief, and Economic Security (CARES) Act. This free webinar was held on Thursday, April 2.
An adjustment to the filing deadline has been made to farmers’ tax returns originally due March 1. Farmers can file their federal tax returns by April 15, without penalty, even if they have not made estimated tax payments. Click here to read the announcement.
Farm Credit East has released a report summarizing the provisions of the recently passed federal tax law that will affect agricultural producers in 2018. The report, prepared by Farm Credit East tax experts, reviews key provisions as they relate to agriculture and other rural businesses. The new tax legislation recently signed by President Trump is the largest overhaul of the U.S. tax code in 30 years.
Farm Credit East recently released a report that provides an overview of federal tax provisions relating to agriculture, with a focus on key existing provisions that impact Northeast producers. It will be shared with members of Congress as they begin consideration of tax reform legislation.