Farming income doesn't arrive on a predictable schedule, and the tax rules that apply to it are genuinely different from most businesses. Arise Tax works with farmers and agricultural operations across Northeast Indiana to keep the books straight and make sure the return reflects how farming actually works.
We understand what makes farm accounting different
- Uneven income year to year — Weather, commodity prices, and crop cycles mean farm income can swing widely from one year to the next. We help you plan around it rather than get surprised by it.
- Farm income averaging — Farmers can elect to average current income against the prior three years to smooth out a high-income year and potentially lower the tax bill. We help you evaluate whether this makes sense each year.
- Equipment depreciation — Tractors, combines, and other equipment represent major capital investment. We help you use depreciation and Section 179 deductions strategically, not just automatically.
- Deferred grain contracts and installment sales — Selling crops under a deferred payment contract can shift income into the following tax year. We help you plan the timing to your advantage.
- Fuel tax credit — Fuel used off-road for farming purposes may qualify for a federal excise tax credit. It's a commonly missed deduction if it isn't tracked properly — we help make sure you're capturing it.
- Weather and insurance-related income — Crop insurance proceeds and forced livestock sales due to drought or weather can sometimes be deferred to the following year. We help you understand when that option applies.
- Farm succession and transition planning — Passing the farm to the next generation, or bringing in a new partner, comes with real tax consequences. We help you think it through well before it happens.
How we help
- Bookkeeping We keep your books accurate across crop, livestock, and equipment activity, so you have a clear, current picture of how the operation is actually performing — not just at tax time.
- Tax returns We prepare your farm return (Schedule F, partnership, or corporation) and your personal return, evaluating income averaging, deferred contracts, and the fuel tax credit so you're not leaving money on the table.
- Payroll Full-time, seasonal, and family labor — each with its own rules. We run payroll accurately and on time, no matter how your crew is structured.
Why farmers choose Arise Tax
We're a local Northeast Indiana firm that understands the rhythm of farm income and the rules that come with it. When you call, you get a real person who already knows your operation and your numbers.