Your taxes done at your ranch
You tend the land and livestock — we’ll wrangle your taxes.
Authorized IRS e-file provider
Congratulations!
Congratulations to Braeson W. of Riverton and his FFA club for winning the Wyoming State Fair Ranch Tax Prep Youth Drawing for a free presentation on ranch tax documentation!
Congratulations to Kevin Miller for winning the Wyoming State Fair Ranch Tax Prep Taxpayer Raffle, for a free hour-long consultation on business taxes!
Congratulations!
Work with Katharine Leavitt of Frevitt Ranch
Katharine L. Leavitt, CIA, CGAP
Katharine has several years of paid and volunteer experience preparing taxes in Buffalo, the equivalent of participating in the IRS’s Annual Filing Season Program. She is actively working toward earning her Enrolled Agent credential, a recognition of proficiency that will allow her to represent clients who have to communicate with the IRS.
Katharine with a goat kid in the barn. Hens and nesting boxes in the background.
Katharine, a granddaughter of a chicken rancher, met her future husband in 2018. He was the son of a dairy farmer, and he introduced her to his small goat herd. She and her husband, Lonnie Frericks, dreamed of owning a ranch in WY. However, they knew owning a ranch would involve more than just being stewards of their land and livestock, they would also need to manage the business side of things. To prepare for this, Katharine began learning tax prep in 2019.
In June of 2021, they were able to make their dream come true and moved to Buffalo, WY. There, they tend to their home — Frevitt Ranch — which primarily produces delicious eggs from their free-ranging hens on 45 acres in the high plains/red hills just to the east of Buffalo.
Once in Buffalo, Katharine realized not all local ranchers had a tax professional in-house like her ranch did. She wanted to give back to her new community and began working part-time at a local CPA firm serving these ranchers. During her employment, she was touched by the ranchers’ kindness and dedication. She saw the impact her knowledge was having on the operation of her own home ranch and those of her clients. After leaving the CPA firm, she decided to carve out more time to serve them by helping them understand how, with some documentation, their investments in their ranches could reduce their taxable income. She decided to open this company, providing tax preparation services to her wonderful WY neighbors.
You tend the land and livestock — we’ll wrangle your taxes. Contact us now to get started.
Our Services for Adults and Youth
Form 1040 Schedule F
Year-Round Answers and On-Site Tax Prep
Estimated time: 1 hour per month plus 4 hours
Let’s talk about your goals for your family and ranch operation. With this information, Katharine will offer strategic suggestions on timing of purchases, and how/when to take deductions, among other tax strategies, to help you meet your goals. Katharine will help you legitimately minimize your tax burden so you can put that money toward your goals. Katharine will also help you assess risks that could jeopardize your progress on your goals, whether they pertain to family, business, cash flow or balance sheet, or retirement.
With this package, you get everything from the on-site tax prep and year-end review, plus monthly touchpoints to prevent any unintended tax consequences. These can arise from accidentally making choices that could negatively impact your tax situation, or failing to plan for risks. Let Katharine be your trusted partner in helping you achieve your goals, whether it’s answering your questions as they arise, helping you keep your eye on the big picture, or preventing issues. Working with Katharine, you can reach your family and ranch goals with confidence.
Tax Time sticky note on Form 1040
Youth showing livestock
On-Site Tax Prep and Year- End Review
Estimated time: 4 hours plus 1 hour
Do you hate driving to town with your tax documents in the middle of calving season? Do you almost always forget a document, meaning you have to make a second trip? And then do you have to make a third trip to pick up your taxes and sign the forms at some point when you’re summoned?
Let Katharine solve that problem for you. She’ll come to your ranch with everything she needs to prepare your taxes. You hand her your documents and answer some questions, and then you go about your day while she works with your documents in your house. After a couple of hours, she’ll be ready to reconvene and discuss your tax return. You sign a form that allows Katharine to file your taxes electronically for you, you pay her, she hands you a hard copy, and you’re done.
Toward the end of the year, Katharine will review your tax year with you, to help prepare for the coming tax season.
Spilled jar of coins
Empty auditorium
Tax Consultation
Estimated time: 2 hours
Let’s talk about your ranch operation so Katharine can offer suggestions on where you could be missing deductions and some tips on how to document your income and expenses.
Or, let’s talk about whatever tax questions you have so Katharine can help you achieve your family and ranch goals. Maybe you’ve heard about farm income averaging and want to see if it helps your tax burden? Maybe you want to decide when to hire an employee, or when to take Social Security? Maybe you want to talk about succession and estate questions? Or perhaps you saw a strategy on Tik Tok that said you could lower your tax burden and you want to know more?
Taxes can be complicated and maybe a little scary. Katharine will explain everything you want to know in plain English, help you decide how to document your expenses and investments, make the decisions that work best for your family and ranch, and will help you legitimately minimize your tax burden. Let’s keep your money in your pocket.
Youth Ranch Tax Prep - Remote
Estimated time: 2 hours
Did you sell an animal at Fair and now you have to report your income? Let Katharine help! She will walk you through all the opportunities for deductions to reduce your taxable income legitimately, so you can keep more of your hard-earned money in your pocket! Then you sign a form that allows Katharine to file your taxes electronically for you, you pay her, she sends you an electronic copy of your return, and you’re done!
Why would youth want to report their income? Showing higher income can help qualify you for a better mortgage or car loan. Although the future is uncertain, reporting even small amounts of income can help you become eligible for bigger benefits later, like disability benefits and other Social Security benefits. Did you know that you need 10 years of income to be eligible, and that benefits are based on 35 years of income? That’s a lot of years!
Rural Tax Education: Tax Workshop
Estimated time: 1 hour
Katharine loves public speaking and helping up-and-coming ranchers too! If you’d like to bring Katharine’s expertise on recordkeeping for taxes to your local club, like 4H and FFA, or a special event, Katharine developed custom-made materials to conduct presentations that will help you and your friends master recordkeeping for taxes to minimize your tax burden.
Our Service Area
We are happy to serve ranches in person in Johnson County, Campbell County, and Sheridan County, Wyoming.
If you’re in another Wyoming County, we may offer virtual options.
Map of service area including Campbell, Johnson, and Sheridan counties, Wyoming
Contact Us & Get a Free Gift
You tend the land and livestock — we’ll wrangle your taxes. Contact us now to get started and we will send you our proprietary mileage log as our free gift to you! We’ll also send you a monthly “ranch tax snacks” email to help you stay on track for the year. We will never share your information with anyone else. Integrity is Katharine’s core value.
Sample Mileage Log for Ranchers