DTN Ag Summit
I will be speaking in two sessions as this year’s DTN Ag Summit. This Sunday, Nick Houle from our Minneapolis office and myself will be speaking on how to reduce the income tax impact from a farmer retiring. Most farmers do a great job of deferring income taxes during their career, however, when it comes time to retire, the income tax bill can easily exceed $500,000. Nick and I go over some of the tips that can be used to reduce this tax bill.
Next Tuesday, I will be doing a breakout session on “Tax Habits of Highly Effective Farmers”. You can either attend the conference in Chicago in person or you can view the conference online including my break-out session on Tuesday. Here is a link to sign up for the conference. Also, it appears that several companies may be having an online version available in your area. One example is the Minnesota Soybean Association is providing online viewing in their offices for a $50 fee. If that is something that may be of interest, I would contact these companies or touch base with DTN to see who might be sponsoring it in your area.
Paul Neiffer, CPA
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
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