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 ..
Read More
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, ..
Read More
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..
Read More
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 ..
Read More
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 ..
Read More
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..
Read More
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 ..
Read More
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..
Read More
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..
Read More
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 ..
Read More
Inheriting a Traditional IRA from a Spouse
“This Post Has Not Been Updated to Include Changes from the “Tax Cuts and Job Act” passed on December 22, 2017.” Wealth transfers in the nex..
Read More
Depreciation: What You Can Deduct and How to Calculate..
“This Post Has Not Been Updated to Include Changes from the “Tax Cuts and Job Act” passed on December 22, 2017.” Overview Depreciation is an..
Read More
Understanding Illinois 2017 Tax Legislation
“This Post Has Not Been Updated to Include Changes from the “Tax Cuts and Job Act” passed on December 22, 2017.” The tax package signed into..
Read More
Disaster Losses as Tax Deductions
 “This Post Has Not Been Updated to Include Changes from the “Tax Cuts and Job Act” passed on December 22, 2017.” 2017 has brought more than..
Read More
Farm Taxes – Overview of Capital Gains Rules and the Family..
“This Post Has Not Been Updated to Include Changes from the “Tax Cuts and Job Act” passed on December 22, 2017.” In part 3 of 4 in the seire..
Read More
Does Your Farm Software Provide Tax, Credit & Management..
“This Post Has Not Been Updated to Include Changes from the “Tax Cuts and Job Act” passed on December 22, 2017.” There are three primary use..
Read More

More Posts

New Call-to-action