Each year taxpayers have the opportunity to work with their tax preparer to craft a year-end tax plan that provides a desired tax liability. Taxpayers may use current tax legislation to lower or raise taxable income by claiming more or less taxable income during the current tax year. While working through tax planning decisions, taxpayers may wonder “What should my adjusted gross income be?” This article discusses adjusted gross income and...
ILSoyAdvisor Blog
March 30, 2018
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December 20, 2020 |
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December 16, 2020 BLOOMINGTON, ILL – December 16, 2020 – Registration for the 2021 Soybean Summit is now open! This three-morning virtual summit experience, themed “Say Hello: Home Edition” will take place February 10, 17, and 24, 2021. Funded by the Illinois Soybean Association checkoff program, this event provides a rich lineup of expert speakers sharing the latest agronomic... |
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December 15, 2020  Illinois soils are some of the most fertile and desirable soils in the world. Soils—comprised of minerals and organic matter—are heavily influenced by climate (water, temperature), biology, humans and time. Illinois soils were largely shaped and influenced by... |
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December 14, 2020 Farmers rely on new ag technologies to provide efficiencies and advantages needed to grow crops profitably. Agtech companies rely on farmers for input and testing to ensure those innovations meet their on-farm needs and expectations. That synergy is the idea behind an exciting Illinois Soybean Association (ISA) project for 2021. AgTechConnect connects farmers interested in new technologies with agtech companies seeking on-farm... |
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December 11, 2020 For most, the 2020 harvest has come to an end and now it’s time to quickly complete all the year-end tasks. It’s important to remember that between now and the end of the year there are very few open days of business for the county FSA offices, so be proactive and address any needs sooner rather than later.
I recently had the opportunity to visit with FSA State Executive Director William Graff. During our... |
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December 08, 2020 Depreciation is a term you’ve probably heard your accountant use fairly often; understanding its full meaning and financial implications is important to make strategic management decisions. The concept of depreciation is not as daunting as one would think. This article will provide details to give you more confidence when discussing and selecting depreciation for your operation.
An Example – Tractor... |
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