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Karli Olsen, CPA is a proactive leader in tax and accounting advisory to create efficiencies, profitability, and optimized tax structure for businesses.
Recent Insights
We Have Unrealized Losses – What Should We Do?
Reading Time: 2 minutesWith rising interest rates, we’ve received an influx of questions about the impact on the unrealized losses in the bank’s investment portfolio. Most banks classify their securities as available for sale (AFS), which requires them to record the asset at fair value, with an unrealized gain or loss (URGL) in …
Schedule K-2 and K-3 Filing Requirements for 2022: IRS Changes Timeline
Reading Time: < 1 minuteThe landscape of the 2022 tax season has changed with respect to the Schedule K-2 and K-3 filing reporting. Penalties apply if the forms are required but not filed. The initial 2022 IRS draft pass-through entity instructions required qualifying entities to send notifications to owners by January 15, but IRS …
Read moreSchedule K-2 and K-3 Filing Requirements for 2022: IRS Changes Timeline
New Labor Guidance Released for Clean Energy Tax Credits
Reading Time: < 1 minuteOn November 30, 2022 the U.S. Treasury Department unveiled the prevailing wage and apprenticeship guidance. Companies seeking clean energy tax credits under the Inflation Reduction Act must follow these guidelines, published in the Federal Register. The Inflation Reduction Act created and expanded several tax credits, but stipulated that taxpayers could …
Read moreNew Labor Guidance Released for Clean Energy Tax Credits
Considerations Before Accepting a Utility Easement Offer: How to Protect Your Land
Reading Time: 2 minutesA land improvement utility easement can be a profitable income stream for farmers and ranchers. Across the U.S. we’re seeing an increase in opportunities for both surface and subsurface infrastructure and with additional tax credits and funding for energy efficient improvements from the Inflation Reduction Act, we will only see …
Read moreConsiderations Before Accepting a Utility Easement Offer: How to Protect Your Land
Guidance for Setting Science-Based Targets for Your Ag Operation
Reading Time: 3 minutesAs the world strives towards a zero-carbon economy, more than 4,000 businesses worldwide have committed to reducing greenhouse gas (GHG) emissions through the Science-Based Target initiative. These targets are rooted in climate science and have guided companies in reducing over 53 million tons of CO2 emissions since 2015. This September, …
Read moreGuidance for Setting Science-Based Targets for Your Ag Operation
IRS Releases Tax Inflation Adjustments for 2023 Tax Year
Reading Time: 2 minutesWhile inflation continues to burden Americans with higher prices on what seems like everything, the IRS has released some good news for taxpayers. In October, the IRS unveiled its inflation adjustments for the 2023 tax year with many tax provisions increasing by approximately 7%. This means you could pay a …
Read moreIRS Releases Tax Inflation Adjustments for 2023 Tax Year
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