UNLOCKING TAX SAVINGS THROUGH SOIL: A DEEP DIVE WITH AGRICULTURAL SOIL MANAGEMENT
By United Country Auction ServicesNovember 08, 2024
An unexpected tax-saving opportunity beneath your feet
UNLOCKING
TAX SAVINGS THROUGH SOIL: A DEEP DIVE WITH AGRICULTURAL SOIL MANAGEMENT
If
you’re a property owner, especially in your first few years of land ownership,
there might be an unexpected tax-saving opportunity beneath your feet! In the
latest episode of The Sale Ring Podcast, we sit down with Alec Bean and Karly
Pavlinac from Agricultural Soil Management (ASM) to explore the benefits of
soil tax deduction analysis.
ASM
is a pioneering company that evaluates land for excess levels of key
nutrients—particularly Potassium and Phosphorus. For landowners, this process
can translate into significant tax savings. Here’s how it works: ASM assesses
your land for nutrient buildup, which may allow you to apply for a tax
deduction based on any identified excess. This can be especially valuable for
new property owners within their first three years who haven’t applied
fertilizer yet.
In
our discussion, Alec and Karly break down the soil assessment process, the
eligibility criteria, and how ASM can help you understand the hidden financial
benefits lying right in your soil. Whether you’re actively looking to manage
your land's nutrients or simply exploring potential deductions, this episode is
packed with valuable insights.
Catch
the full episode on The Sale Ring Podcast HERE and
discover how to make the most of your land—tax-wise!
Stay
tuned for more expert tips and industry insights from The Sale Ring Podcast or
Subscribe to The Sale Ring Podcast show (FOR FREE!!) at www.thesalering.com
or on any of your favorite listening aps!