AgCarolina Farm Credit

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Tax Deductions
AgCarolina Farm Credit is allowed a tax deduction for the amount of net income that it distributes in the form of a qualified patronage refund. Therefore, to effectively manage the association's tax expense and maintain a strong capital position, the board of directors may elect to distribute taxable earnings to members as a qualified patronage refund. A qualified patronage refund is one in which at least 20 percent of the total net income is paid in cash.

Provided by

AKA

Ag Carolina Financial

Ag Carolina Farm Credit Svc

Agcarolina Financial

East Carolina Farm Credit Service

Agcarolina Farm Credit

Categories

Financial Planners, Financial Planning Consultants

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Phone: (252) 332-6143

Address: 408 Nc Highway 561 E, Ahoskie, NC 27910