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Published December 17, 2012, 10:22 AM

Ag producers should do income tax planning before year ends

FARGO - Agricultural producers should do tax planning before the end of the year based on the information known at this time. Traditionally, producers try to do tax planning to limit their tax liability. With uncertainty in Congress, tax rates may be higher in 2013 than 2012. If so, it may be best not to defer as much income to 2013.

By: NDSU Extension Service, INFORUM

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