A “Rocky” Reform
It shouldn’t come as a coincidence that the recent Farm Tax Update class that @timlbaker and I attended was located in the Rocky Mountains as it is safe to say the Tax Cuts and Jobs Act (i.e. Tax Reform) has…
Brian Graham, CPA
Just When You Thought it was Safe…
Just when you thought it was safe to attempt to do your federal tax return for 2018, there are still plenty of sharks in the form of state of Iowa changes to be aware of for 2018 and going forward…
WHERE’S THE BEEF??
When you get a first glimpse of the Form 1040 for 2018, this is the first question you might ask yourself. Where is the beef to the 1040 form?
Four Score and Seven Years of Tax Reform
In early June, Tim and I had the opportunity to attend a two – day conference on farm income tax and estate planning out in Shippensburg, Pennsylvania, which is approximately 30 miles west of Gettysburg. At the forefront of tax…
Tips For Charitable Giving
During tax season, it is important to remember some important tips in regards to your charitable giving. The donation must be in the form of either money or property. It must be made to a qualified organization such as a…
Why Gross Vehicle Weight Matters For Depreciation Purposes
For the 2017 tax year the Federal Section 179 depreciation deduction limit is now at $500,000, it is easy to think that any fixed asset classified as personal property can now be expensed. However, in the year of purchase, it…
Denver to the Smoky Mountains
Every year we try to make it to at least one national conference focusing on the new tax laws & regulations and updates in the agricultural world. This year we were fortunate enough to attend two conferences. Back in May,…
Mom died, where do I start?
A great place to start is mom’s CPA or accountant. “Why?” you may ask? CPA’s can be incredible assets in establishing mom’s estate identity and titling assets correctly after death. Applying for an Employer Identification Number (EIN) from the IRS…