Shaggy Girls Cattle Company

06/11/2026

💙 It's official! SGC Houston is now officially a Shaggy Girls' shaggy boy! 💙....Does anyone have any tips not to get tattoo ink everywhere?? 🤠

06/11/2026

Tax Tip #9

🚜🌾Section 179 vs. Bonus Depreciation

Both Section 179 and bonus depreciation are IRS rules that let farmers deduct the cost of certain equipment and assets faster than normal depreciation. Instead of spreading deductions out over many years, these rules often allow a large deduction in the year the asset is placed in service.

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🧑‍🌾 Section 179 — How It Works for Farms

Section 179 lets you choose to expense the cost of qualifying farm property in the year you start using it.

Farm Examples That Often Qualify

* Tractor or skid steer
* Combine or baler
* Livestock handling equipment
* Milking equipment
* Farm trucks used more than 50 percent for business
* Certain farm buildings or improvements

Example

You buy a tractor for 75,000 dollars and start using it this year. If you have enough farm income, you can elect Section 179 and deduct some or all of that cost this year instead of depreciating it over several years.

✅Pros of Section 179 for Farmers

* Lets you pick and choose which equipment to expense
* Big upfront deduction when you have a profitable year
* Helpful for income smoothing in high-income years

⚠️ Cons of Section 179 for Farmers

* There is an annual dollar limit
* The deduction is limited to business income
* It cannot create or increase a farm loss
* Recapture rule. If the section 179 property is not used predominantly (more than 50%) in your trade or business at any time before the end of the property's recovery period, the benefit of the section 179 expense deduction must be reported as “other income” on your return.

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🌾 Bonus Depreciation — How It Works for Farms

Bonus depreciation allows you to deduct a percentage of the cost of qualifying farm assets in the first year. Unlike Section 179, it is generally automatic unless you opt out.

Farm Examples That Often Qualify

* New or used tractors and equipment
* Irrigation systems
* Farm machinery
* Certain fencing systems
* Processing or handling equipment

Example:

You buy farm equipment for 200,000 dollars in a year when your farm income is low. Bonus depreciation may still allow you to deduct a large portion of that cost, even if it creates a farm loss.

✅Pros of Bonus Depreciation for Farmers

* No dollar limit on how much you can deduct
* Can create or increase a farm loss
* Works even in low-income or start-up years

⚠️Cons of Bonus Depreciation for Farmers

* Less control over which assets are expensed
* Can wipe out income when you might want deductions later
* Requires planning to avoid wasting deductions

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🆚 Side-by-Side Farm Comparison

Section 179

* You choose specific farm assets
* Limited by farm income
* Annual deduction cap
* Great for profitable years

Bonus Depreciation

* Applies broadly to qualifying assets
* No income limit
* No dollar cap
* Can create or increase a loss

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🧠 How Farmers Often Use Them Together

Many farms use both:

1. Use Section 179 on specific equipment you want to expense
2. Apply bonus depreciation to remaining qualifying assets

This approach gives flexibility while maximizing deductions.

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🏁 Bottom Line for Farms

Section 179 and bonus depreciation are both tools to help farmers deduct equipment faster.

* Section 179 gives control, but has limits
* Bonus depreciation gives power, but less control

Neither is “better” in all situations. The best choice depends on farm income, future plans, and timing.

🚨🚨 A WORD OF CAUTION 🚨🚨

States have their own depreciation rules. Some follow the Federal rules and in 2025, allow for Section 179 and bonus depreciation. Others, disallow either method and only allow regular depreciation expense spread over the class life of the assets. Then there are the States that have their own special rules regarding how depreciation can be calculated.

Before making a decision, determine how the State you live in allows depreciation to be calculated.

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💡 Sharing general tax education here. Everyone’s situation is different, and what works for one person may not work for another. This isn’t personal tax, legal, or accounting advice and doesn’t create a client relationship. Tax rules change and outcomes depend on individual details. If you’re not sure how this applies to you, a qualified tax pro can help.

06/10/2026

06/10/2026

Where are all my redneck women at?? Last weekend's...one night a year off-the-farm adventure! Gretchen Wilson concert on the beach at Camp Margaritaville! 🤠

06/04/2026

Tax Tip #8

🚜 IRS Rules for Deducting Capital Assets Purchased With Debt — Simple Explanation

You do not need to pay cash to deduct a business purchase.

If you buy a capital asset such as equipment, a vehicle, machinery, or a building using a loan or other financing, the IRS generally still allows deductions. What matters is how the deduction is taken, not how the purchase was financed.

🧱 What Is a Capital Asset?

A capital asset is something that is used in your business and lasts more than one year. Common examples include tractors and farm equipment, business vehicles, machinery, buildings, and major improvements.

💳 Buying With Debt vs. Cash

From the IRS’s perspective, it does not matter whether you paid cash or borrowed money. What matters is when the asset is placed in service, meaning when you begin using it in your business.

Once the asset is placed in service, it is eligible for depreciation even if the loan is not paid off or the purchase was fully financed.

📉 How the Deduction Works

* The asset itself

* The full purchase price of the asset, not just the amount you have paid so far, is capitalized and deducted over time through depreciation.

In some cases, special tax rules may allow faster deductions, but those are elections and not automatic.

💵The loan payments

Loan payments are not fully deductible. Each payment includes two parts:

*The principal portion is not deductible.
*The interest portion is generally deductible as a business expense.

This means you deduct depreciation on the asset and deduct interest as it is paid. You do not deduct principal payments.

🚜 Simple Example

You finance a tractor for 60,000 dollars.

The tractor is a capital asset and is depreciated over time. You can start taking depreciation deductions when the tractor is placed in service.

Each monthly loan payment includes principal, which is not deductible, and interest, which is deductible.

Even if you have only paid a small portion of the loan so far, depreciation is based on the full purchase price.

❌ Common Misunderstandings

* You do not have to wait until a loan is paid off to deduct the asset.
* Your loan payment itself is not your deduction.

The deduction comes from depreciation of the asset and interest on the loan.

🏁 Bottom Line

When you purchase a capital asset with debt, the IRS still allows deductions. The asset is depreciated over time, interest is deductible, and principal payments are not. Financing affects cash flow, not whether the deduction is allowed.

If you want this turned into a carousel, shortened for a caption, or tailored specifically to farms or agritourism, just let me know.

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*** Follow me for more great tax tips! ***



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💡 Sharing general tax education here. Everyone’s situation is different, and what works for one person may not work for another. This isn’t personal tax, legal, or accounting advice and doesn’t create a client relationship. Tax rules change and outcomes depend on individual details. If you’re not sure how this applies to you, a qualified tax pro can help.

05/30/2026

💙 My boy Houston 💙

Watch, follow, and discover more trending content.

05/29/2026

Tax Tip #7

🧾How to Track Mileage for IRS Vehicle Deductions (Plain English)

If you want to deduct vehicle expenses, the IRS cares about **one thing:

👉 Proof of business miles.

You don’t need anything fancy — you just need consistent, reasonable records.

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🚗 What Counts as a Business Mile?

A business mile is any driving that’s ordinary and necessary for your work.

Examples:

* Driving to job sites, farms, or client meetings
* Trips to the feed store, hardware store, or supplier
* Driving to events, markets, or farm tours
* Traveling between two business locations

Not business miles:

* Commuting from home to a regular workplace
* Personal errands
* Family trips

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📝 What the IRS Wants You to Record

For each business trip, track:

* Date
* Where you went (destination)
* Why you went (business purpose)
* Miles driven

That’s it. No essays required.

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📱 Easy Ways Regular People Track Mileage

1️⃣ Mileage Apps (Most Popular)

Apps track trips automatically and let you label them as business or personal.

Examples:

* MileIQ
* Everlance
* Stride

Best if you drive often and don’t want to think about it.

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2️⃣ Notes App or Spreadsheet

You can keep it simple:

* Write down the mileage at the start and end of each trip
* Or log weekly totals with notes

Example:

> 3/12 – Feed store – 18 miles

This works fine if you’re consistent.

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3️⃣ Old-School Notebook (Still Allowed)

A small notebook in your vehicle works too.

Write down:

* Starting odometer
* Ending odometer
* Purpose of the trip

The IRS cares about accuracy, not aesthetics.

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⏱️ When to Track Mileage

* Track it as you go (best option)
* Don’t try to recreate a whole year at tax time — that’s a red flag
* If audited, logs created later are harder to defend

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📊 Business vs. Personal Use (Important)

If you use your vehicle for both:

* Track total miles for the year
* Track business miles
* Business miles ÷ total miles = deductible percentage

Example:

* 12,000 total miles
* 7,200 business miles
* 60% business use

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📌 IRS Reality Check

The IRS doesn’t expect perfection — but they do expect:

* A reasonable method
* Contemporaneous records (kept at the time)
* Clear business purpose

No log = no deduction, even if the expense was real.

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🏁 Bottom Line

If you want to deduct vehicle expenses:

* Track business miles
* Write down where, why, and how far
* Use an app, notes, or a notebook — just be consistent

Simple tracking now can save real money later.

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*** Follow me for more great tax tips! ***



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💡 Sharing general tax education here. Everyone’s situation is different, and what works for one person may not work for another. This isn’t personal tax, legal, or accounting advice and doesn’t create a client relationship. Tax rules change and outcomes depend on individual details. If you’re not sure how this applies to you, a qualified tax pro can help.

05/21/2026

Tax Tip #6

🚗 **IRS Rules for Deducting Vehicle Expenses — Simply Explained**

If you use a vehicle for your business, the IRS lets you deduct the business-use portion of your vehicle costs. The key word is **business** — personal driving doesn’t count.

✅ Two Ways to Deduct Vehicle Expenses

You generally choose one method per vehicle:

1️⃣ Standard Mileage Method

You deduct a set amount per business mile driven.

* Track your business miles
* Multiply by the IRS mileage rate for the year
* Simple and low paperwork

👉 Works well if you drive a lot and have low vehicle costs.

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2️⃣ Actual Expense Method

You deduct the business percentage of actual costs, like:

* Gas and oil
* Repairs and maintenance
* Insurance
* Registration
* Tires
* Depreciation

👉 Example:
If your vehicle is used 70% for business, you can deduct 70% of these expenses.

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📏 Business vs. Personal Use (This Matters)

Only miles driven for business count.

* Driving to job sites, farms, suppliers, events → business
* Commuting from home to a regular workplace → personal
* Errands not related to business → personal

You must keep good records (mileage log, app, or calendar notes).

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🚜 Farm & Small Business Examples

* Driving to feed stores or equipment dealers → deductible
* Hauling animals or supplies → deductible
* Trips for farm tours or events → deductible
* Personal grocery runs → not deductible

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📌 Big IRS Rule to Remember

No matter which method you use, the IRS asks one question:

Was this vehicle expense ordinary and necessary for your business?

If yes — and it’s documented — it’s generally deductible.

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💡 Pro tip: Once you use the actual expense method for a vehicle, you usually can’t switch back to standard mileage later.

*** Follow me for more great tax tips! ***



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💡 Sharing general tax education here. Everyone’s situation is different, and what works for one person may not work for another. This isn’t personal tax, legal, or accounting advice and doesn’t create a client relationship. Tax rules change and outcomes depend on individual details. If you’re not sure how this applies to you, a qualified tax pro can help.

05/16/2026

My Mom's Mother's Day present to herself is awesome and going to be fun! 🤠 Unfortunately, the scale doesn't fit in our 4 Rivers squeeze chute, but we were able to make it work just as well! Comparing it to the weight tape, the weights are pretty close. No more second guessing! 🥳