How Inadequate Farm Accounting Can Cause Added Stress
Today’s financial landscape is more difficult to navigate than ever before. Complete and timely financial records are a necessity, especiall..
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Tax Consequences of Taking Prevented Planting Payments
With most of the corn belt fighting rain and floods, the ability to get crops in the ground has been a struggle to say the least.  With the ..
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Individual Taxation: What You Need To Know
To report earnings to the government for taxation purposes, individuals file a Form 1040, which is due on April 15th. If taxpayers cannot fi..
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4 Quick Tips to Get Your Tax Refund Fast!
Not getting your tax refund as quickly as you would like? Check out the list below for four quick tips to help hurry the process along.
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Did the 2018 tax season leave you feeling deflated? Here..
The Tax Cuts and Jobs Act that has fueled changes in our most recent financial practices as tax professionals had many taxpayers excited to ..
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199A Safe Harbor: More Than Just A Simple Election
The Qualified Business Income Deduction, or QBID, was the new deduction that had business owners in a frenzy during the 2018 tax season. Gen..
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Partnership Taxation
What is a partnership, and how is it taxed? A partnership is a flow-through entity, which means that the partnership’s income passes to the ..
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IRS Has Officially Extended Farmers' March 1 Deadline
IRS has announced in Notice 2019-17 an extension to the March 1 deadline for farmers who did not make estimated tax payments by January 15, ..
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Comprehensive Ag Training Conference is your "Gateway to..
In today’s ag environment, it is crucial to have a thorough understanding of your operation’s financials - past, present, and future - in or..
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Mismatching Information - Avoid Getting a Notice from the..
Mismatching information is one of the most common errors for which an employer will receive a notice from the IRS.  This is because the IRS ..
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How Will The Government Shutdown Affect Me?
The government shutdown has been a topic of conversation for nearly everyone in the past few weeks. From national parks closing, health and ..
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Deferring Crop Insurance Proceeds
With the unpredictable weather patterns the country has been experiencing, along with commodity prices lower than what is ideal, many farmer..
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The New Tax Law & Trading Equipment
There were many changes to the tax law in 2018, but one big change has not gotten a lot of attention.  This change will affect almost every ..
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How the New Tax Law Changes Will Make Planning Critical in..
Year-end tax planning will be critical for most taxpayers, including those who haven’t done planning in the past. The new tax law changes ar..
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The Tax Cuts and Jobs Act Passed December 22, 2017
On December 22, 2017, the President signed the Tax Cuts and Jobs Act.  This is the largest tax reform law in thirty years, one that will mak..
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Tax Planning Guide in Agriculture for 2017
  “This Post Has Not Been Updated to Include Changes from the “Tax Cuts and Job Act” passed on December 22, 2017.” Farmers can benefit from ..
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