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Still time to file farm taxes

Marshall County farmers still have time to get their taxes done — March 2 is the deadline.

Fortunately, not a lot of big changes went into effect for the 2020 tax season. Things are relatively calm compared to the reform that occurred in 2018. That does not mean the season is not busy.

Sean Heitmann, an attorney at Moore, McKibben, Goodman and Lorenz in Marshalltown, said it has been a smoother season so far.

“Knock on wood,” he said.

Even though the deadline for farmers is right around the corner, it does not have to be chaos. There are things people can do to make the process easier for themselves and their tax-preparers.

“Organization is important,” Heitmann said. “Have all of your forms organized and ready to go when you meet with your tax preparer.”

Every year there is also a number of people who wait until the last minute to file taxes and some who file early. This year is no different.

“I have not noticed a big uptick of people filing early,” Heitmann said.

He said most people get into a habit of filing during the same time every year.

The last two weeks of February are usually busy at the Marshalltown law firm — not only there but also in their offices in Toledo and Montezuma, said Larry McKibben.

“Sean goes there, too,” McKibben said.

OTHER TAX DEADLINES:

• March 16 — Corporate tax returns must be filed or extensions must be requested.

• April 15 — Individual tax, gift tax and estate income tax returns must be filed

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