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Prepare for Tax Season in 5 Steps

Reference: Farmers Business Network

While the tax planning process can seem daunting, it becomes much more approachable if you plan ahead and work with your accountant to determine what makes the most sense for your farm.

Being very forward thinking and not thinking one year at a time is a good strategy. Making the right decisions right now will both protect your working capital and put your operation in the best position forward from a tax standpoint.

Here are five basic steps to prepare for tax time:

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