Ag CPA: Rebates may increase taxable income

Farmers are set to receive certain rebates on purchases of farm inputs.
However, there may be some confusion over whether those rebates qualify as taxable income.

Paul Neiffer with Clifton Larson Allen spoke with RFD-TV’s own Janet Adkison on the taxable income, when a producer can deduct the purchase, and what they need to keep in mind.