DTN Tax Columnist Andy Biebl is a CPA and tax partner with the accounting firm of CliftonLarsonAllen LLP in New Ulm and Minneapolis, Minn., and a national authority on agricultural taxation. He writes for both DTN and our sister publication, The Progressive Farmer. To pose questions for upcoming columns, email AskAndy@dtn.com.
I read that income averaging would be more important for farmers in 2013 because we have higher tax rates. How do I know if this could benefit me?
The commentary you read no doubt referred to the increased income tax rate that affects the top bracket filers. ...