Every so often, there are years when estate planning becomes the hot topic among farmers. With several proposals circulating in Washington, D.C., it appears that 2021 will be one of those years.
Last month’s Tax Talks discussed the Employee Retention Credit’s (ERC) expansion throughout the 2021 tax year and took a look at the revenue tests for qualification. In this blog, we’ll take a closer look at IRS guidance surrounding what it means for a business to be partially shut down.
The American Rescue Plan Act extended the Employee Retention Credit through December 31, 2021. Farm Credit East Senior Tax Consultant Dario Arezzo explains implications for tax planning purposes in this month's Tax Talks.
Farm Credit East Senior Tax Consultant, Dario Arezzo, explains the benefit of an Intentionally Defective Grantor Trust for estate planning and generational transfer purposes, as well as the tax implications.
