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Tax Guide for Farmers – Recordkeeping and Accounting

Farming is defined by the IRS as the operation or management of a farm for profit, whether you are the owner or tenant of the farm. Farming can include the raising of dairy, fish, fruit, livestock, or...

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Tax Guide for Farmers – Income from Sale of Farm Products

There are special tax considerations that those in the business of farming must take into account. This publication, the second in a series of articles on taxes for farmers, focuses on income. The...

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Tax Guide for Farmers – Rent Income

There are special tax considerations for those in the business of farming, which must be taken into account. This publication, the third in a series of articles on taxes for farmers, focuses on rent...

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Tax Guide for Farmers – Agricultural Program Payments

For those who operate or otherwise work on a farm, there are special tax considerations that must be taken into account when preparing your tax return. This publication, the fourth in a series of...

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Tax Guide for Farmers – Income from Cooperatives

If you operate or work on a farm, when you prepare your tax return, you must understand the tax laws that apply to the various unique income and expenses related to farming. This publication, the fifth...

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Tax Guide for Farmers – Cancellation of Debt

There are unique tax laws that apply if you have income or expenses related to working on a farm. If you operate or work on a farm, when you prepare your tax return, you must understand these tax laws....

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Tax Guide for Farmers – Income from Other Sources

For farmers or those involved in a farming-related industry, there are specific laws with the tax revenue code that apply to their unique income and expenses. Therefore, if you operate or work on a...

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Tax Guide for Farmers – Income Averaging

The Internal Revenue Code includes laws that govern the unique income and expenses associated with farming. One such section of law pertains to income averaging for farmers. This is the eighth and...

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Tax Guide for Farmers – Deductible Expenses, Part 1

The Internal Revenue Code includes laws that govern the unique income and expenses associated with farming. One such section of law pertains to expenses incurred by a farm business. This article is the...

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Tax Guide for Farmers – Deductible Expenses, Part 2

The Internal Revenue Code includes laws that govern the unique income and expenses associated with farming. One such section of law pertains to expenses incurred by a farm business. This article is the...

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Tax Guide for Farmers – Deductible Expenses – Interest

If you own a farm or work for a farming business, there are specific requirements in the Internal Revenue Code that spell out how you must report farming income and expenses. Those expenses include...

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Tax Guide for Farmers – Deductible Expenses, Part 5 – Taxes

If you own a farm or work for a farming business, you need to be aware of sections of the Internal Revenue Code related to farming income and expenses. A portion of the code speaks to the treatment of...

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Tax Guide for Farmers – Deductible Expenses, Part 6

The Internal Revenue Code has specific statutes that pertain to farming businesses and the treatment of farming income and expenses. Once section of the Code pertain to insurance, which is the subject...

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Tax Guide for Farmers – Deductible Expenses, Part 8

There are sections of the Internal Revenue Code dedicated specifically to income and expenses of farming businesses. A portion of these sections addresses farming expenses related to business use of...

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Tax Guide for Farmers – Deductible Expenses, Part 9

Portions of the Internal Revenue Code are dedicated specifically to income and expenses for those with a farming businesses. A portion of these sections addresses farming expenses related to trucks and...

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Tax Guide for Farmers – Deductible Expenses, Part 10 – Travel Expenses

The Internal Revenue Code provides the laws that govern the reporting of federal income tax. For those with a farming business, the code includes sections on farming-related income and expenses. One...

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Tax Guide for Farmers – Deductible Expenses, Part 11 – Items Purchased for...

The Internal Revenue Code provides the laws that govern the reporting of federal income tax. For those with a farming business, the code includes sections on farming-related income and expenses. One...

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Tax Guide for Farmers – Capital Expenses

The Internal Revenue Code provides the laws that govern the reporting of federal income tax. For those with a farming business, the code includes sections on farming-related income and expenses. One...

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Tax Guide for Farmers – Nondeductible Expenses

The Internal Revenue Code contains laws that govern reporting of federal income tax. The Code includes a section of laws on farm business expenses. This section of the Code not only specifies farming...

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Tax Guide for Farmers – Losses from Operating a Farm

The Internal Revenue Code contains laws that govern reporting of federal income tax. The Code includes a section of laws on farm business expenses. This section of the Code on farm businesses includes...

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