Tax Day! - Take time now to do a little year- end tax planning, and your tax accountant will thank you

摘要

Thanksgiving dinner is planned. Christmas carols will soon tease the senses with promises of glad tidings to come. A New Year is just around the corner. But amidst all the revelry, another, more sobering year-end event looms: year-end tax planning. Questions abound. Should you go into 2008 with prepaid feed? Do you buy the new baler you'll need next summer before year's end? Do you defer income or not? While every producer faces a different situation, high cattle prices, high feed prices and high overall input costs can make even the smallest operator's books read, like a Wall Street ledger. And that makes thinking ahead an essential activity this time of year.