Comprehensive tax guides for farmers and agricultural businesses including farm income and expenses, accounting methods, inventory, and fuel tax credits.
Specialized tax guidance for farmers and agricultural businesses covering income, expenses, accounting methods, and industry-specific deductions.
Track CCC loans, CRP payments, crop insurance proceeds, agricultural program payments, and other farm income sources.
Organize depreciation, prepaid supplies, custom hire, conservation expenses, and all deductible farm expenses.
Cash vs. accrual method, farm-price method, unit-livestock-price method, crop method, and choosing the right accounting approach.
Standard mileage vs. actual expense method, 75% business use rule for trucks, and fuel tax credits and refunds.
Farm income can fluctuate significantly year to year. Contact us for tax planning strategies specific to agricultural businesses.