AgriPlan

Corporate America has long recognized that its most important assets are its employees. Companies have sought to improve working conditions and enhance company benefit programs. These benefit programs have been refined to provide for specific employee needs on a TAX ADVANTAGED basis to both the employer and employee.

AgriPlan believes that family farmers have the same needs, the same expenses and the same desire for benefit advantages as large and small corporations.

By simply using AgriPlan and employing your spouse under a special class of employment known as family employment, authorized by the IRS in 1954, you will qualify for TAX DEDUCTIBLE benefits. Of course, at tax time, you accountant will need to prepare the necessary tax forms and schedules to include your AgriPlan information.

*AgriPlan also applies to Partnerships, C Corporations, and Limited Liability Companies.

AgriPlan is a system developed within the framework of Revenue Ruling 71-588 to simplify the compliance and accounting procedures associated with Internal Revenue Code, Section 105. With AgriPlan, the family farmer may take advantage of 100% tax deductibility of medical expenses including:

*Health Insurance Premiums
*Uninsured Medical, Dental and Vision Care expenses
Other Deductible Benefits Available:
*Term Life ($50,000 max.) and Disability Income Insurance Premiums for employee (spouse)
*Benefits provided for other employees

AgriPlan is not insurance. You may participate in AgriPlan without purchasing additional insurance coverage or changing exisiting coverage.

With AgriPlan you will be able to provide your accountant with an accurate itemization of your medical, dental, and other deductible expenses.

chart Getting Started
Tamara G. Hurt, CPA will help you get started by assisting you with your enrollment and answering any questions you may have. Here are the steps you need to take to enroll in AgriPlan:

*Complete an Adoption Agreement.
*Estimate uninsured medical expenses and list eligible premiums.
*Complete the necessary IRS forms. Samples are provided by AgriPlan.
At year-end, submit your benefit expenses to AgriPlan for verification on an Employee Benefit Expense Transmittal provided by AgriPlan. AgriPlan will report back to you a detailed account of your deductible benefit expenses. At tax preparation time, submit the AgriPlan materials to your accountant or use them to prepare your own return. AgriPlan is not a tax preparer. Contact Tamara Hurt for more information.

Home Page