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Form 943: What to Know About Agricultural Withholding

Patriot Software

Various types of employers must withhold taxes from employees’ wages, including employers hiring farm workers. If you are an agricultural employer, you likely withhold taxes from your employees’ pay. Form 943, Employer’s Annual Federal Tax […] READ MORE. So, what is Form 943? What is Form 943?

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The Farming Business’s Guide to Agricultural Accounting

Patriot Software

But, some aspects of agricultural accounting—like livestock and land—are specific to farming businesses. Agricultural accounting Q&A Farm accounting tax forms What’s considered a “farm business?” Like any business, you need up-to-date accounting records if you run a farm, ranch, or related operation.

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IRS Provides Safe Harbors For the Clean Aviation Fuel Credit

CPA Practice

Secretary of Agriculture Tom Vilsack said in a statement. This is a great beginning as we develop new markets for sustainable aviation fuel that use home-grown agricultural crops produced using climate-smart agricultural practices.”

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Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. In Corona, CA, having an expert who understands local and federal tax laws can be crucial.

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Clean Energy and Climate Action Offer Tax Benefits

CPA Practice

One of the topics the minds of many tax and accounting professionals is the environment. Make targeted, tailored investments in rural America to improve electricity service, expand access to affordable clean energy, advance climate-smart agriculture and forestry practices, and support agriculture-based biofuels.

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What's new in May for state sales and use taxes

TaxConnex

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries.

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March 1 Tax Deadline Nears for Many Farmers, Fisherman

CPA Practice

Businesses with income from farming or fishing that have not paid all of their 2023 tax year estimated taxes by Jan. 16 must file their tax returns and pay their entire tax due on or before March 1. Only those taxpayers that have paid their estimated tax payments by Jan. See Topic no.