Benjamin Franklin once said that the only certainties in life are death and taxes. According to Dario Arezzo, he should have added a third – tax compliance requirements! As the IRS prepares for the 2019 tax season, Dario discusses draft 2019 K-1s for a partnership.
A proactive tax planning strategy isn’t about simply avoiding taxes. Rather, it focuses on paying the right amount of tax that maximizes tax benefits and minimizes tax over the long term. Farm Credit East financial services leader Doug Myers discusses what’s in his tax planning toolbox.
When it comes time to file an annual tax return, too often ag producers face an unexpected tax bill that could have been alleviated — or at least anticipated — had appropriate planning taken place. Nick discusses why tax planning and it's timeliness are important in any business decision.