April, 2009
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The Budget is Your Road Map
Most farmers prepare a budget at the end of the year to present to their bankers and then promptly put it away and forget about it until the following fall. I like to envision a budget is similar to a road map. A map has many ways to get from point A to point B. […]
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Estate Tax Law Changes are Coming
I have been reading several articles lately on the possible estate tax law changes that will be coming. The Bush changes from about 8 years ago will be changed and soon. Most agree that the estate exemption will most likely be around $3.5 to $5 million and indexed for inflation. Also, the gift tax exemption […]
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Life Insurance Company Stock Sales May Be Tax Free
The US Court of Federal Claims issued a decision in 2008 indicating proceeds from selling life insurance stock companies that had de-mutualized were in fact tax free. There have been serveral large life insurance companies such as Metropolitan, Principal, Prudential, etc. that have de-mutualized over the last several years. The IRS had argued that when these […]