Tax planning logic
- Own nothing, pay for nothing, make nothing
- Worthy Waste of Time
FH Klopfenstien Farms, LLC
Priorites
- Hold farm land (long term investments)
- Increase future value through re-investment (tax planning)
- Direct life-cycle management
Generally on the farm land, I want to keep re-investing.
- Tile (depriciation)
- Grain Handeling (gov energy credit)
- Conservation (gov credit)
- Buy dep assets that support ‘life-cycle’ management
Trees AES, LLC
Priorites
- Hold farm land (long term investments)
- Increase future value through re-investment (tax planning)
- Direct life-cycle management (aka someone living on farm that helps)
Generally on the farm Structures, I want to remove ‘tax and ins burden’ or make it justify itself.
- Retirement Living
- Temporary ‘Vacation’ Rental
- Residential Development
- Sustainable Shop
TH Twig, LLC
Priorites
- Supply Services to other LLC
- Pay for OPT (other peoples time and mine)
- Deal with Employment Income
- Track and properly account for materials and services
- Direct life-cycle management
Fletcher Motor Co, LLC
Priorites
- Supply Services to other LLC
- Pay for OPT (other peoples time and mine)
- Deal with Employment Income
- Track and properly account for materials and services
- Direct life-cycle management