There are two types of tax incentives: deductions and credits. As tax advisers, we always prefer credits. In most cases, they offset income tax liability dollar for dollar, whereas deductions only ...

Other farm business tax changes involve wind generator ... futures and options contract proceeds are calculated for tax purposes. Tax rates, deduction amounts and phase-out amounts have changed ...

The Farm CPA Paul Neiffer says these three topics alone: the tax code changes, the farm bill or biofuels policy give him a lot to stay on top of ...