With the tax filing deadline for business tax returns (partnerships & S corporations) a little more than a month away (March 15th) and individual income tax returns a little more than two months away (April 15th), below are some helpful tax season resources for Christmas tree growers. Check them out even if you’re on top of your taxes and have already filed!
The #1 Way Christmas Tree Growers Saves Taxes
The #1 Way Christmas Tree Growers Save Taxes is a FREE video course based on a popular talk I’ve given to Christmas tree growers across the country. It is about 45 minutes long and is an overview of the Capital Gain Method. You’ll learn topics including:
- How much in taxes you could possibly save by making a capital gain election
- The difference between ordinary income and capital gain income (and why this matters)
- The four requirements for Christmas tree sales to qualify for capital gains
- An overview of how to make a capital gain election
- Why a yearly Christmas tree count is extremely important
- And more!
Click here to access the #1 Way Christmas Tree Growers Save Taxes!
Capital Gain Method Masterclass
If you’ve watched The #1 Way Christmas Tree Growers Save Taxes, heard me speak, or just want to learn step-by-step to implement the Capital Gain Method, you should check out my Capital Gain Method Masterclass.
Over the last 7 years, I’ve spent hundreds of hours reading thousands of pages of tax law and guidance regarding Christmas trees and the capital gain method.
This course is a culmination of everything I’ve learned and will help you learn the strategies to save thousands of tax dollars each year.
In the Capital Gain Method Masterclass, you’ll get lifetime access to video lessons covering:
- Detailed discussion of the applicable capital gain method tax law
- Sample tax forms and case study explaining how to prepare a tax return according to the capital gain method
- Template spreadsheets and discussion of how to take a Christmas tree inventory count and calculate depletion
- A regularly-updated Q&A section based on questions from all participants
Click here to learn more about the Capital Gain Method Masterclass!
Most Popular Articles
It’s hard to believe, but there are over fifty Christmas tree tax articles on my site now. Based on the stats, here are the top five most popular articles of all-time:
- How to Save Thousands on Taxes as a Christmas Tree Grower
- Does Your Christmas Tree Farm Ever Lose Money? Beware the IRS Hobby Loss Rules!
- The Best Bookkeeping System for Christmas Tree Growers
- Q&A: Are Christmas Trees Depreciable
- How an Average Christmas Tree Grower Can Pocket an Additional $27,782 Each Year
My Favorite Articles
Here are some of my favorite articles that didn’t make the top five:
- Why I’m Passionate About Christmas Tree Tax
- How to Save Taxes by Employing Your Children
- Differentiate Your Farm from the Competition with this One Simple Tip
- Using the 80/20 Principle to Increase Christmas Tree Profits
Q&A Archives
When I receive questions from readers that aren’t answers already in an article, I often create a Q&A post answering the question. You can access the Q&A archives here. Have a Christmas tree tax question you can’t find the answer to? Contact me and I might make it the next Q&A post!
Working 1:1 With Me
I also work one-on-one with Christmas tree growers. If you’d like to work with me, complete one of the interest forms below and I’ll be in touch!
