Sandalwood CPA, PLLC

10/16/2026

10/08/2026

The IRS has a new app to help with individual income taxes.

IR-2026-114, Sept. 25, 2026 — The IRS today announced the launch of the new IRS mobile app, replacing IRS2Go and expanding the agency’s digital services to give taxpayers more ways to securely access IRS tools and account services from their mobile devices.

09/24/2026

🌾 Farm vs. Business: Understanding the Federal Income Tax Difference with Horses 🚜💼

Did you know that not all equine income-producing activities are treated the same for federal tax purposes?

The IRS generally considers an activity a farm if it involves growing hay, regularly raising foals, or other agricultural activities. Farm operations often report income and expenses on Schedule F and may qualify for specific tax provisions unique to agriculture.

A business, on the other hand, includes most other profit-motivated equine activities such as boarding, consulting, training, teaching, and other services. These activities are typically reported on Schedule C or through a business entity return.

Key differences can include:
✅ How income and expenses are reported
✅ Special depreciation and expensing rules
✅ Farm income averaging opportunities
✅ Treatment of livestock and crop sales
✅ Agricultural tax credits and deductions
✅ Estimated tax payment requirements

Proper classification is important because it can affect your tax liability, compliance requirements, and available tax-saving strategies.

Whether you're operating a family farm, agribusiness, or traditional business, understanding the rules can help you maximize deductions and avoid costly mistakes.

📞 Have questions about your operation's tax treatment? Our team is here to help you navigate the complexities of federal tax law and identify opportunities to save.


sandalwoodcpa.com

09/12/2026

Excel has hundred of shortcuts but these are ones worth knowing

Most people know Ctrl + C and Ctrl + V, but Excel has shortcuts for everything from instantly formatting cells and creating tables to jumping to the end of your data, turning filters on, filling down, and selecting entire rows or columns.

You definitely don’t need to memorize all of these at once. Pick a few that match the things you do most often, and after a while you’ll wonder why you ever used the mouse.

Save this one for the next time you’re working in Excel.

09/01/2026