Tue, January 28, 2025
[ Tue, Jan 28th 2025 ]: rnz
Christopher Luxon hints National will campaign on asset sales in the 2026 election
[ Tue, Jan 28th 2025 ]: Kiplinger
How Much Fun Is Too Much Fun When You're in the Office?
[ Tue, Jan 28th 2025 ]: Reuters
Bank of England appoints Andrea Enria to Prudential Regulation Committee
[ Tue, Jan 28th 2025 ]: cnbctv18
What is a private credit transaction? Know types and eligibility criteria
[ Tue, Jan 28th 2025 ]: Reuters
Exclusive: HSBC to wind down M&A and ECM capabilities in Europe, UK & Americas, memo shows
[ Tue, Jan 28th 2025 ]: cnbctv18
Budget 2025 expectations LIVE updates: Bank of Ba .. Economist expects focus on deficit, capex & MSMEs
[ Tue, Jan 28th 2025 ]: MSN
EXCLUSIVE: Circ Launches 'Fiber Club' With Bestseller, Eileen Fisher and Everlane
[ Tue, Jan 28th 2025 ]: Firstpost
Reconciling growth and sustainability: What Union Budget 2025 must deliver
[ Tue, Jan 28th 2025 ]: Reuters
European banks may find it tough to repeat strong end-of-year performance
[ Tue, Jan 28th 2025 ]: MSN
Market slump may offer buying opportunities in quality stocks: Deven Choksey
[ Tue, Jan 28th 2025 ]: MSN
IIFL Finance shares plunged 9% today; here's why
Mon, January 27, 2025
[ Mon, Jan 27th 2025 ]: Forbes
Biden's Policy Lead On Crypto Responds To Trump's New Executive Order
[ Mon, Jan 27th 2025 ]: legit
Billionaire financier Bessent confirmed as Trump's treasury chief
[ Mon, Jan 27th 2025 ]: Investopedia
7 Unexpected Ways AI Can Transform Your Investment Strategy
[ Mon, Jan 27th 2025 ]: AOL
Best Stock to Buy Right Now: Altria vs. Costco
[ Mon, Jan 27th 2025 ]: Investopedia
Level Up Your Investing Strategy: 7 Smart Ways To Transform Your Approach
[ Mon, Jan 27th 2025 ]: AOL
What happens to your investment account after you die?
[ Mon, Jan 27th 2025 ]: bnnbloomberg
MicroStrategy Buys More Bitcoin While Adding Capital Raising Tools
[ Mon, Jan 27th 2025 ]: Tuko
DeepSeek: China's New Open Source AI Sends Shockwaves Across US Stock Market
[ Mon, Jan 27th 2025 ]: Oneindia
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[ Mon, Jan 27th 2025 ]: cnbctv18
RBI governor urges banks' chiefs to address rising digital frauds
[ Mon, Jan 27th 2025 ]: Forbes
Cultivating The Next Generation Of Financial Serv .. s Professionals With Financial Literacy Education
[ Mon, Jan 27th 2025 ]: Businessworld
BEPS Pillar 2: What now in ASEAN and what's next for the Philippines
[ Mon, Jan 27th 2025 ]: AgWeb
It's Tax Time: Your Guide To Calculate Farm Income This Year
[ Mon, Jan 27th 2025 ]: Couriermail
Business Council of Australia demands fix to education standards, Yr 12 retention
[ Mon, Jan 27th 2025 ]: Newsweek
Donald Trump's Proposal To 'Clean Out' Gaza Opposed by Arab Nations
[ Mon, Jan 27th 2025 ]: Tuko
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[ Mon, Jan 27th 2025 ]: Kiplinger
The Four Key Pillars of Wealth Management of the Future
[ Mon, Jan 27th 2025 ]: AOL
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[ Mon, Jan 27th 2025 ]: inc42
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[ Mon, Jan 27th 2025 ]: Mint
IDFC First Bank Q3 results 2025 out. Should you buy IDFC First Bank shares?
[ Mon, Jan 27th 2025 ]: cnbctv18
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[ Mon, Jan 27th 2025 ]: Reuters
Auditors get tougher guidelines on judging firms' environmental claims
[ Mon, Jan 27th 2025 ]: MSN
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[ Mon, Jan 27th 2025 ]: Reuters
Italy's Mediobanca, Monte dei Paschi extend losses after MPS surprise bid on merchant bank
[ Mon, Jan 27th 2025 ]: coloradopolitics
CO PO Calendar | Jan. 27-Feb. 2
[ Mon, Jan 27th 2025 ]: MSN
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[ Mon, Jan 27th 2025 ]: Indiatimes
Jio Financial Services Share Price Live Updates: .. inancial Services Trading Below Key Support Level
[ Mon, Jan 27th 2025 ]: Couriermail
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[ Mon, Jan 27th 2025 ]: MSN
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Sun, January 26, 2025
[ Sun, Jan 26th 2025 ]: Mint
Budget 2025 Expectations Live Updates: Companies .. rms, lower GST rates and capex allocation from FM
[ Sun, Jan 26th 2025 ]: Reuters
Bank of Singapore makes six new appointments in Dubai
[ Sun, Jan 26th 2025 ]: Investopedia
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[ Sun, Jan 26th 2025 ]: Mint
Motilal Oswal group evaluates sale of home finance arm
[ Sun, Jan 26th 2025 ]: bdnews24
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[ Sun, Jan 26th 2025 ]: Oregonian
Liz Weston: Government pension offset changes to Social Security are coming, but will take time
[ Sun, Jan 26th 2025 ]: MSN
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[ Sun, Jan 26th 2025 ]: MSN
Data centers galore? How do Ohio's data center numbers stack up against other states?

It's Tax Time: Your Guide To Calculate Farm Income This Year

Gross income is an average of 2020 to 2022 items on your income tax return. However, we must wait on USDA for regulations to determine what they consider to be farm income. Either way, gross revenue is much easier for the farmer to be a "farmer" than AGI.
The article from AgWeb provides a comprehensive guide for farmers on calculating their farm income for tax purposes. It outlines key steps and considerations for the tax year, including understanding the difference between cash and accrual accounting methods, which are crucial for accurately reporting income and expenses. The piece discusses how to account for inventory, the importance of keeping detailed records of all transactions, and how to handle depreciation of farm equipment and buildings. It also covers special considerations like the treatment of crop insurance proceeds, government payments, and the potential for income averaging to manage tax liabilities. Additionally, the article emphasizes the need for farmers to be aware of tax deadlines, potential deductions, and credits specific to agriculture, such as the Domestic Production Activities Deduction, and offers advice on consulting with tax professionals to navigate the complexities of farm taxation effectively.

Read the Full AgWeb Article at:
[ https://www.agweb.com/news/business/taxes-and-finance/its-tax-time-your-guide-calculate-farm-income-year ]