Protect yourself from big taxes due to crop insurance10/25/2012 - 11/05/2012
If you're like many farmers whose crop yields have been gutted by drought this year, you're likely deriving some -- if not most -- income this year from crop insurance. This has a lot of implications, tax-wise. It can put you in something of a "unique tax bind," one expert says. So, what can you do to avoid that bind?