CPA invested in the Agribusiness industry-farmers, grain elevators, cooperatives, supply dealers. Raised on hog/grain farm in Central IL. Wife and Mom of two.
With possible increases in estate and gift taxes looming, the use of an Intentionally Defective Grantor Trust (IDGT) may be appropriate to use in 2021. #clapromise#createopportunities
IDGT – What is it? https://t.co/vUNkSLEBtR via @farmcpa
Advance Child Tax Credit payments have started. How many folks are going like/remember those advance payments when their typical tax refunds are much less than normal next April?
Read more at: https://t.co/ScHKie2GmG
The presses keep printing...or somewhere the money tree has been found? See Paul's blog post for info on the plan the White House announced today
The American Families Plan https://t.co/hXidOVjDa7 via @farmcpa
More info (aka bad news) on the STEP Act and Senator Sanders' 99.5% Act.
STEP Act Deep Dive and the For The 99.5% Act https://t.co/xGYflFbL6L via @farmcpa
Insanity! If you've ever had the desire to contact your representative now is the time. Preview the first pass of changes proposed to estate/gift tax...
The STEP Act and What it Might Mean to You https://t.co/HgebWGEkyK via @farmcpa
Huge opportunity for those farmers on ACA insurance! Especially in a year where farm incomes ended up higher than expected.
Good News on ACA Premium Subsidy Payback https://t.co/J53KW3YCIa via @farmcpa
Look for more changes to come. Proposed change to stepped-up basis at death will be a gargantuan issue in the ag community.
Rescue Plan Becomes Law; More Tax Changes for Individuals Yet to Come https://t.co/4kJ9GYp1lj
If you have to have a birthday right before the 3/1 farm deadline, flowers from the great team of people you work with makes it a little brighter. The cupcakes will help too. #clapromise
I just hope this isn’t a preview of what’s to come...IRS tax season 2021 officially kicks off Feb. 12. Here’s why it starts so late https://t.co/v7y6n5kV2Z via @usatoday
Final Section 199A regulations were released today. Results were not necessarily favorable. Farmer perspective below. Coop perspective to follow.
Initial Thoughts on Final 199A(g) Regulations https://t.co/8lVErb3Bvn via @farmcpa
Paul walks through the process to determine if you fit in the group eligible for the 2nd draw on PPP.
Farm PPP Loan Flowchart https://t.co/q9CMKzSFEy via @farmcpa