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Tanner Winterhof

๐Ÿ‘ค Speaker
4602 total appearances

Appearances Over Time

Podcast Appearances

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

I'm going to try releasing water to a point to where it might provide that extra incentive because the deduction is the fact that it comes off your Schedule F.

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

And that's what I said.

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

Then the credit comes off your total income.

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

So for Dave's example, it would have been more valuable for him to have that as a credit instead of a deduction because of his whole conglomerate of companies getting down to his personal income level.

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

You have to get paid first to be on that podcast, Offset Income.

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

Yeah.

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

Wait, which one of you guys looks pretty?

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

You got to defend it.

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

The first thing is when we did this interview almost two years ago, we couldn't believe it.

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

Correct.

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

And we didn't put it out.

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

No, by the time we got done with the conversation, we really believed it.

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

But it was still a pretty fresh concept to the area where a lot of people were uncomfortable.

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

Yeah, exactly.

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

Yeah, you get legal involved and it's never good.

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

But I do think we should go through some examples in the last half of this show to try and poke holes in it.

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

But I will tell you one thing that's reassuring right now is, holy, coming out of the woodwork companies.

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

Because there's, like, eight other people trying to do the same.

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

But what I like about you guys is, like, this is it.

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

This is what you do.