Discover key farm tax strategies to reduce liability and improve cash flow. Learn how to use deductions, depreciation and entity planning to maximize efficiency and long-term profitability for your farm clients.
Objectives
Upon completion of this session, you will be able to:
- Identify major farm-specific deductions, credits and deferral opportunities available under current tax law
- Explain how depreciation, income averaging and prepayment strategies can optimize tax outcomes
- Evaluate the impact of entity selection (sole proprietorship, partnership or corporation) on taxation and liability
