Tax Liability: Estimating Potential Capital Gains – Facts + Estimating Guide

🕔Dec 15, 2017Capital gains tax liability can be a major issue for agricultural landowners that who are looking to sell property. Determining the value on which taxes may be figured can be […]

Illinois Farm Business: Capital Purchases Down? Expect More Tax Liability.

🕔Dec 6, 2017Many Illinois grain farmers have reduced capital purchases in recent years, with prospects for further cuts in 2017 and future years. Overall, reducing capital purchases is a prudent step in […]

Farm Taxes: The Importance of Estimating Your Deferred Tax Liability

🕔May 19, 2017Because agriculture producers can use cash accounting for federal and state income tax purposes, there is a recognizable difference between taxable farm income and accrual farm income. These differences can […]

Farm Taxes: 5 Tasks to Consider Before January 1

🕔Dec 14, 2016Traditionally, farmers try to do tax planning to limit their tax liability. With the downturn in the agricultural economy, limiting tax liability may not be an issue, but tax planning is still […]

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