As a tax specialist with Farm Credit East's Financial Accounting Services (FAS) team, Phil helps agricultural businesses navigate everything from annual tax preparation and year-end planning to farm transitions and succession planning. While tax season is certainly a busy time, his work extends far beyond April deadlines.
Today’s Harvest Blog
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Earlier this month, Executive Order, Emergency Tax Relief on Diesel Fuel, was signed by the President with the purpose of deferring certain diesel fuel tax payment obligations and to provide penalty relief. As a result, the IRS acted and indicated it will not impose a penalty when dyed diesel fuel is sold for use or used on highways nationwide.
October 22, 2026
Today's Harvest Blog
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Congress has not passed a traditional five-year farm bill since 2018. America’s farmers, fishers and foresters have continued to be helped by short-term extensions and other ad-hoc support. While the One Big Beautiful Bill Act (OBBBA) updated and authorized certain components of the farm bill, there are still significant programs that require action.
October 28, 2026
Harvest season is upon us, and that means it’s almost election day. On Tuesday, November 3, voters will head to the polls in what is shaping up to be a very interesting and impactful election. Both the Senate and House of Representatives are operating with razor thin majorities. Even a few overturned seats could alter the political landscape in Washington, D.C., and impact how policy is (or isn’t) passed.
September 22, 2026
Finding and retaining workers remains one of the biggest challenges facing agriculture today. The H-2A program was created to provide a legal guestworker program to help agricultural employers address labor shortages. While participation has increased in recent decades, the program has struggled to keep pace with the needs of today’s operations. New federal legislation aims to modernize the H-2A program to better meet employers’ needs.
August 25, 2026
Trump Accounts officially kicked off July 4, 2026, offering a new way to save for a child’s future. A Trump Account is a traditional IRA with specific rules that enable families to start saving and investing for a child early with greater flexibility than a standard retirement account. Any child under age 18 with a Social Security number is eligible for a Trump Account.
July 28, 2026