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Remember Your Simplified Home Office Deduction

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January 3rd, 2014

Beginning this year, a taxpayer is allowed to use a simplified home office deduction.  In years past, a taxpayer was required to calculate this deduction based upon the office square footage divided by the home’s total square footage.  This percentage was then multiplied against the following items: Interest Real estate taxes Insurance Repairs Other home […]

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IRS Announces Needed Relief on Home Office Deduction!

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January 15th, 2013

Many farmers and other small business owners operate their business out of their home.  The tax laws allow a deduction for part of the expenses related to the home such as insurance, utilities and repairs based upon the square footage of the business portion to the total home size. For example, if the farmer uses […]

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    Corn does well in Washington state. 55 at night 95 during the day plus irrigation 1 hour ago

    If average cash rents drop $50 this fall and cash return is 2% equals drop in average land values of $2,500. We shall see. 12 hours ago

    2 years ago corn + beans + wheat was almost $40. Now it is under $20. 14 hours ago

    Great time with @MRRChip today on Market Rally talking about the new farm bill. 2 days ago

    Drove over 2,000 miles in last 12 days. Saw a lot of good looking corn. Beans not so much 4 days ago

    When you drive through Minnesota, South Dakota and Iowa this time of year you see a lot of corn and beans and not much else 2 weeks ago

    Possible another reason for high US corn yield estimates is acres switched to beans were lower yield corn acres 2 weeks ago

    Don't understand why nobody claims the USDA manipulates the data when the report is bullish 2 weeks ago

    USDA pegged lower corn production but if yields trends continue this will quickly change to production increase. 2 weeks ago

    The soybean YO-YO is well underway 2 weeks ago