Tax Planning for Producers Receiving Loan Servicing Assistance

Laurie Wolinski, Extension Agent; lgw@udel.edu

Farmers might have received a loan servicing assistance payment if they were experiencing certain types of financial distress. These loan servicing assistance payments resulted from the Inflation Reduction Act. The fact sheet, developed by Rob Holcomb, will address the impacts of loan servicing assistance payments and address strategies to help mitigate the tax consequences of a loan servicing assistance payment.

You can view the webinar here: https://agftap.org/home/resourcedetails?id=37ff29b3-397d-4dfd-a98b-ba829b62397b

And the fact sheet here: https://agftap.org/home/resourcedetails?id=b4f40c55-d414-48f6-8985-2ab4d912bc4c