Are taxes owed because of the Farmland Preservation Program?
Today 9:30 PM
Q. My parents’ farm is located in Warren County. They put most of it in the Farmland Preservation Program. They were paid and received a 1099S for tax purposes. Will they have to pay federal and New Jersey taxes on that income when they file their 2020 tax returns? Uncertain
A. New Jersey’s Farmland Preservation Program offers many incentives to landowners.
The program can provide capital to reduce debt, expand operations and more. It also offers owners the chance to apply for cost-sharing grants, and they get certain protections.
Are taxes owed because of the Farmland Preservation Program?
lehighvalleylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lehighvalleylive.com Daily Mail and Mail on Sunday newspapers.
What would the 9 Lehigh County judge candidates do about an unprecedented jury trial backlog?
mcall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mcall.com Daily Mail and Mail on Sunday newspapers.