The head of the USDA Rural Development Office says the work they’re doing is having a positive impact on Rural America. Undersecretary Dallas Tonsager says the 2011 Rural Development Fiscal Year 2011 Annual Report shows they have invested almost $29 Billion dollars and “created or saved an estimated 440-thousand” jobs through the rural business cooperative, [...]
Posts Tagged ‘Taxes’
USDA says Rural Development progress made
Posted in News, tagged Community, farm, Farming, Fiscal year, Growth, money, Rural, Taxes, USDA on January 19, 2012 | Leave a Comment »
Get Cash in 2011, Pay Tax in 2013
Posted in Features, tagged 1031, 2011, CPA, farm, Farmers, Land, money, Prices, selling, Taxes on June 16, 2011 | Leave a Comment »
With the rapid increase in farm land prices over the last year or so, many farmers are now considering selling some farm land to lock in these high prices. The Tax Code allows a farmer to reinvest the proceeds from this sale into other real estate using a tax-deferred exchange under Section 1031 (commonly known [...]
How to Time Your Equipment Purchases
Posted in Features, tagged Education, Equipment, farm, Fastline, News, Purchasing, Taxes on September 30, 2010 | Leave a Comment »
“My tax year ends October 31. I’ve spent about $250,000 on equipment in the last year. I am looking at buying a planter which will cost from about $60-90,000. Should I wait until November or buy it before my year end of October 31.” This is a great question that almost applies to all farmers. [...]


