Agricultural Soil Management LLC, makes no representations regarding the income tax implications or other use of Excess Soil Fertility opinion of value information and does not provide legal or accounting advice. Consultation with a tax and/or financial advisor is recommended.
Buy your land
Measure your soil
Give report to your Accountant
Unlock Tax Savings with IRS Section 180
In recent years, Agricultural Soil Management has successfully guided land buyers to save over a million dollars in tax liabilities through the often-overlooked IRS Section 180. While many are familiar with depreciating buildings, fences, and equipment, not everyone taps into the potential of depreciating soil fertility. This can translate to an additional $200-$500 per acre or even more! Here’s a quick guide to do’s and don’ts for maximizing benefits under this tax code.
By following these simple guidelines, you can make the most of IRS Section 180, unlocking significant tax savings for your agricultural investments.
Do:
Soil Test Timing: Conduct a soil test as close to the time of purchase as possible.
Consult with Your CPA: Discuss this allowance with your CPA, as many may not be aware of its potential.
Expert Guidance: Engage an advisor early on; Agricultural Soil Management agronomists specialize in optimizing these benefits.
Don’t:
Fertilize Without Testing: Avoid spreading fertilizer before conducting a soil test to accurately determine fertility levels.
Delay Utilization: The longer you wait between purchase and leveraging the code, the harder it becomes to establish the full value.
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