Extension

 

Date of this Version

1997

Comments

This publication is a product ofo the North Central Regional (NCR) Cooperative Extension Services of: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin and the U.S. Department of Agriculture cooperating. Copyright 1997, MidWest Plan Service, Iowa State University, Ames, Iowa 50011-3080.

Abstract

If you're like most farmers, one of your key goals is to maximize after-tax earnings. The more money left over after you've paid your farm bills land your taxes, the more you and your family will have to spend. You can increase thos enet earnings in sveral ways: by increasing production, by decreasing cost of supplies oer by finding a way to get more for your produce.

But there's another way to increase your after-tax earnings. One that many farmers oculd afford to spen dmore time on: decreasing taxes. The key to avoiding unnecessary taxes is tax planning. This publication will help you do just that: plan for the future.

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