Practical tax strategies, business insights, and the latest on AI — written for business owners who want to stay ahead.
Passing the hobby-loss test is not enough — IRC § 469 can suspend farm and ranch losses unless you materially participate. The 500-hour test and more, from a CPA.
How federal tax law treats farms and ranches — what counts as a farm, reporting income and losses, key deductions and elections, and the traps — explained by a CPA.
If the IRS calls your farm or ranch a hobby under IRC Section 183, income stays taxable but losses stop being deductible. How the nine-factor test really works.
Here’s a hypothetical, illustrative example — the kind of scenario we see often — showing why “just take the RMDs when they’re required” is rarely
A tax return records the past. A year-round tax strategy changes the outcome. Here’s what proactive planning looks like — and what waiting until April really costs.
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