Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Corey Hillebo

๐Ÿ‘ค Speaker
2799 total appearances

Appearances Over Time

Podcast Appearances

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

I'm going to take it to another one of our kind of partners, Sonoma Wine Growers Association.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

Let's say that they decide to keep it in the barrel for X amount of time, but we really think the flavor would probably change if we kept it in the barrel for this amount of time.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

Or we're going to use white oak barrels instead of red oak barrels.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

I mean, something like that.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

Do our Western partners in agriculture have a different mentality on R&D than we do in the Midwest?

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

No.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

Okay.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

So one year is maybe not.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

What's the statute of limitations on that?

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

I've had some people ask me even about the BOA software credit that they go back 10 years.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

And then I've had other people that went to get it and they said,

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

I'm not so sure.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

My tax accountant says there's a statute of limitations to open up a previous tax return that you've already prepared.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

What do you got there on that?

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

So when I try to bring some of this, I brought a BOA software tax credit to my tax accountant.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

And she went, all right, whoa, whoa, whoa.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

You're always trying to find something.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

And says, this is magical juice.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

It's not going to happen.

Farm4Profit Podcast
Big Tax Move Most Farmers & Ranchers Ignore: R & D Tax Credits

And I had to literally bring the report and say, here is the report that they prepared that I'm supposed to give you to use on my tax return.