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Search results for 'Lakeland'

  • Tyler Davis United States, FL, Lakeland

    Business Title: SVN Saunders Ralston Dantzler
    About: I am a CPA based in Lakeland, FL. I work as an asset manager and real estate advisor at SVN Saunders Ralston Dantzler Real Estate based in Lakeland, FL, which is one of the leading agricultural land brokerages in the country. I received my Bachelors in Accounting from Samford University and my Masters in Taxation from the University of Alabama and spent five years in tax at PwC before joining SVN
    Interests: Specialty/Vegetable, Agribusiness, Hemp

    1031 Exchanges and Farm Land: 5 Things that Landowners Need to Know

    By Tyler Davis

    Published Aug 2, 2019  

    A 1031 Exchange is a tax-deferred swap program in which farmers and others in the agriculture industry can participate. Farmland, vacant land, and certain agriculture assets are considered real estate assets under the Internal Revenue Code. As much, farmers and others are able to utilize Internal Revenue Code (IRC) Section 1031 in order to defer tax upon the disposition of farmland and acquisition of a “like-kind” piece of property. Section 1031 exchanges, which originally began in the 1920’s, have seen numerous tweaks and changes over the years to get us to the rules that are in place today... SVN: Saunders Ralston Dantzler is leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    The Best Business Entity Structure for Farms

    By Tyler Davis

    Updated Jun 20  

    One of the most common questions I receive as a tax professional is “What type of business entity should I choose?” Most new business owners are overwhelmed at this decision and do not fully understand the differences between types of entities. This article will explain rules, filing requirements, and benefits of the main type of business entities: sole proprietorship, LLC, Partnership, S-Corporation, and C-Corporation. Each decision is dependent upon the facts & circumstances of the owner(s), but a thorough understanding of each business type is critical in making the correct entity decision. Sole Proprietorships:The easiest, quickest type of entity to set up is a sole proprietorship... SVN: Saunders Ralston Dantzler is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    The Tax Consequences of Farm Property Destruction, Vandalism, or Theft

    By Tyler Davis

    Updated Aug 7  

    A common issue among landowners, both large and small, is vandalism occurring on the property. One of the most interesting stories regarding vandalism is a Florida farm-owner we know woke up in the middle of the night in the ’80s to the cartel landing a plane full of cocaine on his property without permission. In doing so, the plane ran over his fence & caused a ton of damage to the property. When something like this happens, farmers are surprised to know of the potential tax consequences or benefits of this event... SVN: Saunders Ralston Dantzler is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Impact of Final Opportunity Zone Regulations on Farmers & Agribusinesses

    By Tyler Davis

    Published Jan 8  

    On December 19, 2019, Treasury released the final regulations for the much-discussed Opportunity Zone program. Overall, these final regulations did a great job of answering most of the open farming & agribusiness questions proposed by tax practitioners. While we will discuss these in detail, taxpayers must first have a solid understanding of the basic Opportunity Zone rules and benefits. The Opportunity Zone initiative was enacted as part of the Tax Cuts & Jobs Act of 2017... SVN Saunders Ralston Dantzler was founded by Dean Saunders in 1996 and is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Top 10 Accounting & Tax Benefits for Farmers & Farming Businesses

    By Tyler Davis

    Published Sep 11, 2019  

    Farmers and Agribusiness Companies are granted certain tax breaks and industry-specific deductions from the IRS. The service understands both the complexities and constraints of farmers as well as their essential role in our nation's economy. I have listed out the top ten most important tax benefits, accounting methods, and tax deductions related to farmers. 1... SVN Saunders Ralston Dantzler is leading agricultural land and commercial brokerage and development based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    The Tax Benefits of Conservation Easements

    By Tyler Davis

    Published Oct 6, 2019  

    Conservation easements have grown in popularity in recent years, partly due to the impactful tax benefits available to the donor. A conservation easement is a restriction on the use of land, voluntarily granted by the landowner to a conservation organization or to a government sponsored entity. The general rule for permanent conservation easement donations is that the property owner can take a charitable contribution tax deduction on their return for the difference in the fair market value of the land before the conservation easement and after the conservation easement. Currently, the donor can take a conservation easement charitable deduction of up to 50% of their taxable income in a given year... SVN Saunders Ralston Dantzler is leading agricultural land and commercial brokerage and development based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    What does the $2 Trillion Federal Relief Package Mean for Agriculture?

    By Tyler Davis

    Published Mar 28  

    Late in the afternoon on Friday, March 27th, the United States House of Representatives passed the $2 trillion federal relief package called Coronavirus Aid, Relief, and Economic Security Act (CARES). This bill was passed first in the Senate on Wednesday, March 25th. While there are many important provisions, this article is focusing on the critical relief resources available to farmers and landowners. The most talked-about relief item in the federal relief bill is the direct payments to American taxpayers... SVN Saunders Ralston Dantzler was founded by Dean Saunders in 1996 and is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Tax Agriculture Tax Planning Strategies for Year End 2019 – Part 2

    By Tyler Davis

    Updated May 14  

    This is the second of a two-part series focusing on tax savings, planning opportunities, and other tax considerations for year-end 2019. Part I, published on AgFuse in November of 2019, focused on planning opportunities for farmers with higher than expected earnings in 2019 while Part II focuses on tax planning opportunities for farmers with lower than expected current year performance. Farmers tend to think that tax planning opportunities are only available in high-income years or when they close on a big transaction (selling your property, selling a large amount of stock for a capital gain, etc). However, just as tax planning is essential in those situations, it is also critical to consider tax planning strategies during a down year... SVN Saunders Ralston Dantzler was founded by Dean Saunders in 1996 and is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

  • Tyler Davis United States, FL, Lakeland

    Business Title: SVN Saunders Ralston Dantzler
    About: I am a CPA based in Lakeland, FL. I work as an asset manager and real estate advisor at SVN Saunders Ralston Dantzler Real Estate based in Lakeland, FL, which is one of the leading agricultural land brokerages in the country. I received my Bachelors in Accounting from Samford University and my Masters in Taxation from the University of Alabama and spent five years in tax at PwC before joining SVN
    Interests: Specialty/Vegetable, Agribusiness, Hemp

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  • 1031 Exchanges and Farm Land: 5 Things that Landowners Need to Know

    By Tyler Davis

    Published Aug 2, 2019  

    A 1031 Exchange is a tax-deferred swap program in which farmers and others in the agriculture industry can participate. Farmland, vacant land, and certain agriculture assets are considered real estate assets under the Internal Revenue Code. As much, farmers and others are able to utilize Internal Revenue Code (IRC) Section 1031 in order to defer tax upon the disposition of farmland and acquisition of a “like-kind” piece of property. Section 1031 exchanges, which originally began in the 1920’s, have seen numerous tweaks and changes over the years to get us to the rules that are in place today... SVN: Saunders Ralston Dantzler is leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    The Best Business Entity Structure for Farms

    By Tyler Davis

    Updated Jun 20  

    One of the most common questions I receive as a tax professional is “What type of business entity should I choose?” Most new business owners are overwhelmed at this decision and do not fully understand the differences between types of entities. This article will explain rules, filing requirements, and benefits of the main type of business entities: sole proprietorship, LLC, Partnership, S-Corporation, and C-Corporation. Each decision is dependent upon the facts & circumstances of the owner(s), but a thorough understanding of each business type is critical in making the correct entity decision. Sole Proprietorships:The easiest, quickest type of entity to set up is a sole proprietorship... SVN: Saunders Ralston Dantzler is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    The Tax Consequences of Farm Property Destruction, Vandalism, or Theft

    By Tyler Davis

    Updated Aug 7  

    A common issue among landowners, both large and small, is vandalism occurring on the property. One of the most interesting stories regarding vandalism is a Florida farm-owner we know woke up in the middle of the night in the ’80s to the cartel landing a plane full of cocaine on his property without permission. In doing so, the plane ran over his fence & caused a ton of damage to the property. When something like this happens, farmers are surprised to know of the potential tax consequences or benefits of this event... SVN: Saunders Ralston Dantzler is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Impact of Final Opportunity Zone Regulations on Farmers & Agribusinesses

    By Tyler Davis

    Published Jan 8  

    On December 19, 2019, Treasury released the final regulations for the much-discussed Opportunity Zone program. Overall, these final regulations did a great job of answering most of the open farming & agribusiness questions proposed by tax practitioners. While we will discuss these in detail, taxpayers must first have a solid understanding of the basic Opportunity Zone rules and benefits. The Opportunity Zone initiative was enacted as part of the Tax Cuts & Jobs Act of 2017... SVN Saunders Ralston Dantzler was founded by Dean Saunders in 1996 and is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Top 10 Accounting & Tax Benefits for Farmers & Farming Businesses

    By Tyler Davis

    Published Sep 11, 2019  

    Farmers and Agribusiness Companies are granted certain tax breaks and industry-specific deductions from the IRS. The service understands both the complexities and constraints of farmers as well as their essential role in our nation's economy. I have listed out the top ten most important tax benefits, accounting methods, and tax deductions related to farmers. 1... SVN Saunders Ralston Dantzler is leading agricultural land and commercial brokerage and development based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    The Tax Benefits of Conservation Easements

    By Tyler Davis

    Published Oct 6, 2019  

    Conservation easements have grown in popularity in recent years, partly due to the impactful tax benefits available to the donor. A conservation easement is a restriction on the use of land, voluntarily granted by the landowner to a conservation organization or to a government sponsored entity. The general rule for permanent conservation easement donations is that the property owner can take a charitable contribution tax deduction on their return for the difference in the fair market value of the land before the conservation easement and after the conservation easement. Currently, the donor can take a conservation easement charitable deduction of up to 50% of their taxable income in a given year... SVN Saunders Ralston Dantzler is leading agricultural land and commercial brokerage and development based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    What does the $2 Trillion Federal Relief Package Mean for Agriculture?

    By Tyler Davis

    Published Mar 28  

    Late in the afternoon on Friday, March 27th, the United States House of Representatives passed the $2 trillion federal relief package called Coronavirus Aid, Relief, and Economic Security Act (CARES). This bill was passed first in the Senate on Wednesday, March 25th. While there are many important provisions, this article is focusing on the critical relief resources available to farmers and landowners. The most talked-about relief item in the federal relief bill is the direct payments to American taxpayers... SVN Saunders Ralston Dantzler was founded by Dean Saunders in 1996 and is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Tax Agriculture Tax Planning Strategies for Year End 2019 – Part 2

    By Tyler Davis

    Updated May 14  

    This is the second of a two-part series focusing on tax savings, planning opportunities, and other tax considerations for year-end 2019. Part I, published on AgFuse in November of 2019, focused on planning opportunities for farmers with higher than expected earnings in 2019 while Part II focuses on tax planning opportunities for farmers with lower than expected current year performance. Farmers tend to think that tax planning opportunities are only available in high-income years or when they close on a big transaction (selling your property, selling a large amount of stock for a capital gain, etc). However, just as tax planning is essential in those situations, it is also critical to consider tax planning strategies during a down year... SVN Saunders Ralston Dantzler was founded by Dean Saunders in 1996 and is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Is Your Farm a Hobby or a Business for IRS Tax Purposes?

    By Tyler Davis

    Updated May 13  

    Many taxpayers are surprised to find out that the IRS taxes hobby income. We all have hobbies. Yours might be painting, making unique juices, or growing flowers. Hobbies are an activity, or “side hustle” that is done mostly for pleasure rather than to profit... SVN: Saunders Ralston Dantzler is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Key Agriculture Tax Planning Strategies for Year End 2019 – Part 1

    By Tyler Davis

    Published Nov 1, 2019  

    This is the first of a two-part series focusing on tax savings, planning opportunities, and other tax considerations for farmers and agriculture businesses for year-end 2019. Part I focuses on when a farming taxpayer has higher than expected earnings in 2019 while Part II, which was published on AgFuse. com in early December 2019, focuses on tax planning opportunities when a farmer has lower than expected current year performance. When considering tax planning opportunities for year-end 2019, taxpayers should first take a step back and analyze their current year performance... SVN: Saunders Ralston Dantzler is leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

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