October, 2012
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Maintain Flexibility with Deferred Payment Contracts
One of the best tools in our farm tax toolbox is the ability to use deferred payment contracts to achieve our desired level of taxable farm income. These contracts call for the sale of grain in 2012, with payment being received in 2013. Normally, the sale of the grain is taxed when cash is received, however, […]
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Combining 265 bushel corn
We have had great late summer/early fall weather here in the Northwest. Cool mornings with highs in the low to mid 80s for the last couple of weeks. On Tuesday, I visited one my clients that was harvesting corn just north of Pasco, Washington. They had just finished up a 50 acre field that had […]
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Does The Fiscal Cliff Really Make Drastic Cuts in Spending?
It seems every time I turn the TV to a national news channel that someone is always talking about how drastic the spending cuts will be if the Fiscal Cliff goes into effect on January 1, 2013. I have always wondered what that reduction in spending would be and I ran across a study from […]