Sitemap - 2024 - Farm CPA Report

One Other Option for Disaster Aid Payments

CBO Releases Report on How to Reduce the Deficit

Disaster Payments May Not be as High as Anticipated

Q&A on 2023 and 2024 Estimated ERP

Three Days Later Fifth Circuit Vacates Their Ruling on BOI Injunction

The Social Security Fairness Act is Now Law

Paul on AgriTalk Discussing BOI Extension and Farmer's Economic Aid

Quick Update on 2023/2024 ERP Estimator

How Does Economic Assistance Breakdown by Crop

Merry Christmas to Everyone

Webinar on Estimated 2023 and 2024 ERP

A Small Christmas Gift - BOI delayed until January 13, 2025

Here is Your Christmas Present - NOT

Special Webinar on Ag Economic Aid and Disaster Assistance

When Will We Get Disaster and Economic Aid for Farmers

Mileage Rate Increases to 70 Cents in 2025

March 1 Filing Part 2

Is Farm Economic Assistance DOA

Update on Cotton Payment

Remember That These are Estimates

More Details on Farm Act Part II

FARM Act Part II

Am I a Farmer

U.S. Agricultural Baseline Projections

Working Capital is Down, but Still High Compared to Pre-Pandemic Levels

What do Voting Trends Suggest for 2028

Make Sure to Pay Your Kids

USDA Announces Marketing Assistance for Specialty Crops

FinCEN Allows for Delay in Reporting BOI

We have a Disaster Tax Bill

Conflicting Guidance on Section 45Z

Texas Court Blocks BOI Reporting on Nationwide Basis

A Conservation Easement Can Provide Tax Benefits

Less Than 30 Days to File BOI Reports

Thanksgiving Schedule

FinCen Needs to Communicate Better

Some Additional Comments on Senate Farm Bill Proposal

Federal Reserve Indicates Flat Land Values

Paul Discusses Senate Farm Bill Proposal on AgriTalk

Initial Thoughts on Senate Farm Bill Act

Is Portability the Best Option

Surviving Spouse May Have a Hypothetical RMD

Are We Only Looking at a Four-Year Extension of TCJA

New 2025 IRMAA Brackets Released

New Form for Section 83(b) Election

What is the Daily Penalty for Not Filing BOI Reports

Will BOI Reporting Get Delayed

Our Snow Week

A Look at Projected EQIP Funding

What Does the Election Mean

Be Careful of Solar Promoters on Tax Credit Calculations

Paul on AgriTalk

You can put More Money in Your 401(k) if Age 60-63

A New Tax Credit for Contributions to 401(k) Plans

Update on Form 7217

Get Ready for Another Tax Form to File

Can We Defer FARM Act Payments

What do You Mean I am Not a Farmer

FARM Act Likely To See Changes Before it Might be Enacted

IRS Releases the 2024 Tax Forum

Make Sure to Take Advantage of the Zero Percent Capital Gains Tax Bracket

Take Advantage of Increase to Lifetime Exemption

A Webinar on the FARM Act

FARM Act May Make Large Payments to Farmers for the 2024 Crop

A Comparison of the Candidates Tax Proposals

Paul Was on AgriTalk

Wow - The IRS has collected $172 million from Taxpayers Who did not File Returns

Reminder Final Extended Tax Returns Due Tomorrow

Farm Debt Rises in Latest Quarter

Another Syndicated Conservation Easement Bites the Dust

How Much Would the Deficit Increase Under Harris and Trump Proposals

Corporate Transparency Act Appeal Reaches the 11th Circuit

Likely Not All Crop Insurance Proceeds Can be Deferred This Year

Pay Your Kids a Wage

IRS Provides List of Counties That Qualify for Another Year Deferral due to Drought

Is ERP 2023 Coming?

Will 1031 Exchanges be Limited if Harris is Elected

Vice-President Harris Suggests a Standard Deduction for Small Business

Farmer First Fuel Incentives Act Would Prevent Foreign Feedstock to Qualify for Section 45Z Tax Credit

IRS AFRs are Starting to Tumble

Why is Section 45Z Guidance Taking So Long

Perhaps There is One Bipartisan Approach on Social Security Reform

No Need to Worry About Zero Basis Property

You Can Use a Section 529 Plan to Fund a Roth IRA

Why Section 45Z Might Have Little Value in 2025

Could We Not Go $14 Million

IRS Asking for Comments on New Saver's Match Contributions

Congress Continues to Push Administration on Section 45Z

IRS Reminds Taxpayers of Online Crowdfunding Do's and Don'ts

"Insights" on the Chicago Fed AgLetter Insights

Additional Guidance on Section 1245 Real Property Exchanges

Advice on Auto Renewal of Blog

Harvest Meals Non-Deductible Starting in 2026

Be Prepared for Tax Increases if Harris Gets Elected

Why Invest in an ETF Instead of a Mutual Fund

Heavy Teaching Schedule This Week

Exempting Taxes on Social Security to Cost $1.6 Trillion Over 10 Years

Some Hillside Combine Therapy

More Combine Riding Ahead

Will a Related Party 1031 Exchange be Taxable

It is Getting Even Worse

Update on Section 1250 Exchange Rules

The Hierarchy of Farm 1031 Exchanges

As Expected, Farm Loan Volumes are Up

Paul Was on AgriTalk

Tips on How USDA Discrimination Payments are Taxed

A Simpler Approach to Payment Limits

Be Careful of Promoters Touting R&D Credits for Farmers

Senator Warren Wants to Increase Estate Taxes

House Ag Bill CBO Score Does Not Help Farmers

Is USDA Playing Games to Get ERP Back From Farmers

As Expected, Senate Kills Tax Bill

Update on 2024 ARC and PLC Payments

Tax Relief for American Families and Workers Act of 2024 May Be No More After This Week

IRS Issues Additional Guidance on Improper ERC Claims

Members of Congress Ask for Expedited Rules on Section 45Z

A Proposal to Simplify and Streamline Tax Filing has Merit

Combine Therapy - Part 2

Combine Therapy Today

IRS Issues Final Regulations on RMDs

Purchased Tax Credits Only Offset Tax From Passive Income

August AFR Rates

New Jersey Indicates CPAs can File BOI reports

721 Exchanges for Farmland

Has the 199A Deduction Helped Cooperatives

How Many Will Switch to a C Corporation in 2026?

Maximize Your Savings: 2024 Tax Credit Tips for Farm Businesses

Navigating New Relief Funding: Essential Guide for Farmers

Why the New Farm Bill is Trying to Increase Crop Insurance Premium Subsidies

Farmers Over Age 65 Outweigh Farmers Under Age 35 4+ to 1

Another Call to Eliminate Section 199A

How Might a Sweep Affect Taxes and the Farm Bill

Update on 2024 ARC & PLC Payments

A Handy Document of Various 2024 Tax Rates and Limits

IRS Issues Guidance on Emergency Personal Expense and Domestic Abuse Distributions

Another Summer Seminar Opportunity

Updated Post of ARC-CO

Hold Off on My Last Post

UPDATED POST - Will We Hit Maximum ARC-CO payments for the 2024 Crop?

IRS Issues Final Regulations on Conservation Easement Contribution Restrictions

Breakdown of Farm Revenue

Supreme Court Punts on Moore Decision

Some East Palestine Derailment Payments are Non-Taxable

CBO Updates 2024-2034 Budget Estimates.

Will Revenue Ruling 2024-14 Apply to Any Farmers

Capital Gains Tax At Death Might Be Coming After All

Navigating PLC and ARC-CO for 2024: A Comprehensive Guide

BOI and Community Property

Key Proposals by Senate Republicans

Tips on Preparing BOI Report

Essential Tax Tips for Farmers: Maximizing Deductions and Navigating IRS Requirements

Supreme Court Rules Against Connelly

KC Fed Reports Thinner Crop Profits and Tighter Credit Conditions

How Much Does Higher Interest Rates Add to Farm Operating Costs

Texas Storm Victims get November 1, 2024 Extended Deadlines

Large Partnerships Have Balance Sheet Discrepancies

Understanding Tennessee Farm Tax Exemptions: A Guide for Farmers and Ranchers

IRS Announces Filing and Payment Relief for Nebraska Taxpayers Impacted by Storms

AgriTalk Discussion on Climate Credits

IRS Announces Relief for Severe Storms and Tornados in Iowa

How Would New Payment Limit Work Under House Farm Bill Proposal

House Ag Bill Adds in Some Amendments

House Passes Disaster Part of Tax Bill

House Releases Details on Possible New Base Acres

A Webinar on the House Ag Proposals

The House Ag Committee Beneficial AGI and Payment Limit Proposals

House Ag Committee releases proposed reference prices.

What Are the Effects of Extending the TCJA Tax Cuts

The Law of Unintended Consequences

2025 Health Savings Amounts

Tax Court Says Farming Operation is a Hobby Even with Over $14 Million of Revenue

Estimated 2025 Reference Prices

Comparison of House and Senate Farm Bill Proposals

Social Security Projects Wage Base out to 2033

Should a Farmer Sell Their Energy Tax Credit

Paul's Updated Calendar

What Does This Mean

Paul's Session on AgriTalk Discussing the SAF Guidance

Senate Farm Bill Proposal Not as Good as the House

SAF IRS Guidance Released - Is it Worthless?

SAF IRS Guidance Released - Is it Worthless?

Interesting Facts From the IRS Fact Book

Possible ARC-CO Increased Benefits in New Farm Bill

Trump Mulls Middle Class Tax Cuts if elected

Digital Asset Sales Form is a "Doozy"

Farm Tax CPE Option

IRS Pushes RMD's Back One More Year for Certain Inherited IRA's and Pension Plans

2022 Census of Agriculture

AICPA Urges Delay in BOI Reporting

Another Tax Day Bites the Dust

Will We Get SE Tax Guidance Soon on "Limited Partners"

Will the FARMER Act Get Traction in the Senate

It Appears the Tax Bill is Dead

Don't File Farm C Corps Before you File Owner's Tax Returns

60 Day Extension Means 60 Days

Non-Real Estate Loans Increased in 2023

Tax Court Reverses Itself on Conservation Easement Regulations

Carbon Capture Credits - How Taxes May Help Offset the Cost

Revised Form W-9 Now Requires Reporting of Foreign Members

Certain CRATs Identified as Listed Transactions

Wyden, King Introduce Bill to Curtail GRATS

AgriTalk Discussion on Trump Tax Cuts Expiration and GREET

Treasury Touts Clean Energy Tax Credits Signup

Higher Interest Rates Make CRTs More Attractive For Retiring Farmers

What is GREET and How Does it Help the Farmer

Senate Continues to Dither on Tax Act

Paul on AgriTalk

Here We Go Again

How TCJA Expiration May Affect Most Farmers

The Economic Affects of the Section 199A Deduction

A 529 Transfer to a Roth may be Taxable in Your State

FinCEN Not Enforcing CTA for Certain Entities

Guidance on Your Crop Insurance Decision for 2024

Federal Court Rules Corporate Transparency Act (CTA) is Unconstitutional

Help, Why is my Cancellation of my Farm Debt Taxable

Will Tax Act Wait Until Late March to Get Passed

Does Your CPA Firm Need to File a BOI Report

IRS Issues Minimal FAQs on USDA Discrimination Financial Assistance Program.

Social Security - Estimated Impact of Certain Solvency Solutions

My First Experience with BOI Reporting

Get Ready for More FinCEN Reporting of Your Real Estate Transactions

Final Information on Professional Peer Group

IRS Reminds Farmers of March 1 Filing Date to Eliminate Underestimated Tax Penalty

How Much of a Yield Loss Will Create a 2024 ARC Payment

Did Farm Working Capital Peak in 2022

CBO Trys to Explain Why They Were a Trillion Off on Their Estimates of Income and Outlay

Introducing Our Social Networks!

Should Everyone Get an IP PIN

House Kills SALT Marriage Penalty Bill

IRS Shares Warning on 7 Signs of ERC Mistakes

Your Pass-Through Deduction May Expire in 2026

You May Have to File Your LLC Information With State Too

Watch Out for Interest Income on I-Bonds

A Final $306 Million ERP Payment Will be Paid for 2020 and 2021 Disasters

US Farm Income Estimated to be Below 2015-2019 levels in 2024

Update on Ogallala Water Depletion

80% or 100% Bonus Depreciation - To Be or Not to Be

Agri-Talk Session on CTA and New Tax Act

Make Sure to Deduct Your "Water"

Which States Receive the Most Subsidies as a Percentage of Overall Crop Receipts

IRS Schedules Webinar on Voluntary ERC Payback

AI Does Nice Images

One Last Post on Peer Group

Professional Firm Peer Group Recording

Another Micro Captive Insurance Company Bites the Dust

A Bill to Eliminate the Marriage Penalty on the SALT Cap May Pass the House Next Week

Reminder That Professional Services Zoom Meeting is Tomorrow

Agri-Talk Segment

House Likely to Pass Tax Bill This Week, Senate in March?

How to Get Treasury Direct 1099s

Everything You Want to Learn About SAF and Then Some

Tax Relief For American Families and Workers Act passes out of House Ways & Means Committee

Don't Forget About SCO

IRS Updates Farm Gross Income for Machinery Gains, Will FSA Follow Suit

ARC Will Probably Pay More Than PLC for 2024 Crops

Will We Get a Tax Package Soon?

Be Careful of "New" Tax Season Clients via Email

Will IRS Provide SE Tax Guidance on Limited Partners in 2024

BOI is Live and Working

Professional Service Provider Peer Group

A Peer Group For Farm & Ranch CPA Firms and Law Firms

Hawaii is Not a Bad Place This Time of Year

What's in Store for 2024