Ag General
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My 40th Tax Season
Today, April 18, marks the end of my 40th official tax season. I probably still have a few more in me.
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Snow in April?
Today’s photo looks nothing like what we are experiencing right now. We have had snow, snow and more snow.
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Will 75 be the New RMD Age
The House passed the Securing a Strong Retirement Act (SECURE 2) last week. It increases the required minimum distribution age to 75 beginning in 2023. We review the key details.
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More Green Book Updates
We provide more details on the Administration Green Book detailing income tax increases and other changes.
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Getting a Little Harrowing Done
Nothing on taxes in this post, just a little tractor time for me today before getting back to the tax returns. Only three weeks to go starting tomorrow.
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Save the Date – AICPA Ag Conference
The AICPA Ag Conference will be in Denver this August. Please plan on attending if you can. It will be great to see people in person again.
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Will This be the Last Year of 100% Bonus Depreciation
100% bonus depreciation is scheduled to go to 80% in 2023 and then be reduced by 20% each year. We review how Section 179 and bonus depreciation interact also.
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When Do You Write Off a New Shop?
A reader asks if they can deduct a farm building as they construct it. We go over the details.
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The Latest Ag Bank Report from the KC Fed
The KC Fed releases various reports each year on Ag lending. We review the latest report.
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CLA’s Top Ten Trends From 2021
CLA just released their list of top 10 business trends from 2021. I list my top two.