In a previous Tax Talks blog article, we talked about energy credits. An energy credit not discussed is the Production Tax Credit (PTC) under Internal Revenue Code (IRC) section 45Z. This credit incentivizes the domestic production of sustainable transportation fuels, such as those that may be generated by an on-farm biomass digester, offering a per gallon tax credit for qualified fuels produced by the taxpayer and sold to an unrelated person.
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Tax Talks
New York Farm Employer Overtime Credit – Advance Application Opens July 1
In December 2023, we shared to important Tax Talks blog articles on the New York Employer Overtime Credit. The time to apply for an advance of the credit is fast approaching with NYS Ag and Markets opening the application on July 1, 2024.
July 2, 2024
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Tax Talks
Ready for Tax Season? Here's What You Should Know
Chris Torres at American Agriculturist recently spoke with Farm Credit East Senior Tax Consultant, Dario Arezzo, about the 2022 tax season. Read their discussion for insights into your 2022 tax planning strategy.
December 15, 2021
Tax Talks
Employee Retention Credit Guidance Floodgates Open
Today’s Tax Talks provides taxpayers some important updates regarding the Employee Retention Credit (ERC).
August 26, 2021
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