Home > News > Three IRS Requirements for End-of-Year Payments

Corn with two hundred dollar bills on topBetween drought, input costs, markets and all the uncontrollable factors impacting producers’ bottom lines, planning ahead and preparing for change is critical. Understanding IRS requirements for pre-payment of farm supplies is one way to take more control of your financial future. Being able to prove actual purchases vs. deposits, supplying a true business purpose vs. tax avoidance and showing no income distortion are all key factors the IRS will look for. Read more tips on end-of-year payments.

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