More about Paul Neiffer
Blog Posts by Paul Neiffer:
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Will You Get Burnt With a Captive
Some larger farm operations have created captive insurance companies since there is an income tax advantage to them. Congress may curtail this benefit if President Biden’s proposal passes and it will be painful for many.
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My 40th Tax Season
Today, April 18, marks the end of my 40th official tax season. I probably still have a few more in me.
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Snow in April?
Today’s photo looks nothing like what we are experiencing right now. We have had snow, snow and more snow.
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Will 75 be the New RMD Age
The House passed the Securing a Strong Retirement Act (SECURE 2) last week. It increases the required minimum distribution age to 75 beginning in 2023. We review the key details.
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More Green Book Updates
We provide more details on the Administration Green Book detailing income tax increases and other changes.
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Here They Go Again
The Administration is proposing major tax law changes in their budget. It is likely none of these will pass, but it is important to know what is being proposed.
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Getting a Little Harrowing Done
Nothing on taxes in this post, just a little tractor time for me today before getting back to the tax returns. Only three weeks to go starting tomorrow.
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Why Your Refund Might be Late
The IRS indicates that some income tax returns can take several weeks to process even if you E-file.
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No Estimated Tax Penalty for All Farmers Who File and Pay by April 18
All qualifying farmers can now file AND pay 100% of their federal tax due by April 18 and not owe any underestimated tax penalty.