A Few Year-End Tax Planning Tips for South Dakota Farmers

As 2014 draws to a close, several weeks remain during which farmers and other taxpayers can still take action that will impact their 2014 tax returns. Although some producers may find their incomes lower in 2014 than in recent years, they may still seek ways to reduce income for the year or to defer it to future, potentially lower-income years.  Several possible strategies are worth reviewing.

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