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Oliver1

Posted 12/17/2009 00:51 (#971028 - in reply to #970318)
Subject: RE: Need some ideas for income tax planning.

Alton, Ia

Stay with cash. If you switch to accrual you will have no flexibility. IE grain sold this year is taxed this year, regardless of when you get the check. Plus it's extra bookwork.

Like others said, talk to a good CPA.

Need some ideas for income tax planning. - Dave Frisch : 12/16/2009 20:09
- Re: Need some ideas for income tax planning. - swne : 12/16/2009 20:59
- RE: Need some ideas for income tax planning. - Hayinhere : 12/16/2009 21:22
  - Re: Need some ideas for income tax planning. - waterman1 : 12/16/2009 22:57
    - Re: Need some ideas for income tax planning. - Ranchhand : 12/17/2009 00:23
- RE: Need some ideas for income tax planning. - Oliver1 : 12/17/2009 00:51
- CPA - seth47591 : 12/17/2009 07:41
- RE: Need some ideas for income tax planning. - Dave NWIL : 12/17/2009 08:24
  - RE: Need some ideas for income tax planning. - Dave Frisch : 12/17/2009 22:34
- buy a livestock or dairy farm - redoak : 12/17/2009 13:02
  - Re: Need some ideas for income tax planning. - feelnrite : 12/17/2009 13:15
- That's problem I wish I had. - farmerbyron : 12/17/2009 13:31
  - Re: Need some ideas for income tax planning. - Skipper : 12/17/2009 22:09
    - Re: Need some ideas for income tax planning. - roarintiger1 : 12/17/2009 22:17
  - Re: Need some ideas for income tax planning. - Ed Winkle : 12/18/2009 09:40
    - Re: Need some ideas for income tax planning. - waterman1 : 12/18/2009 17:42

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