Webinars

Click here to listen to a recording of: 
An Introduction to Income and Self Employment Tax Issues for Farmers and Ranchers
(originally presented April 23, 2012)

Click here to listen to a recording of: 
Weather Related Sales of Livestock and Tax Issues of Selling and Repurchasing
(originally presented April 23, 2012)

Click here to listen to a recording of:
Tax Treatment of Government Payments: Federal and State
(originally presented April 23, 2012)

For more information on each of these webinars, click here.

If you have never attended an Adobe Connect meeting before, test your connection here.

Hot Topic

In many cases the damage to farms, rural businesses and private homes from extreme weather qualifies as a casualty loss due to the unexpected damage.  The Internal Revenue Code has provisions that allow persons affected by such sudden events to apply beneficial tax rules to their circumstances if they meet the qualifications of these rules.  Involuntary conversion and a related article on weather related sales of livestock explain how to apply the rules to businesses as well as personal casualties.

Welcome to the Rural Tax Education website.  This website provides farmers and ranchers, other agricultural producers and Extension educators with a source for agriculturally related income and self-employment tax information that is both current and easy to understand.

Tax issues are important for agricultural operations because income and self-employment taxes are a major cost and also because more and more USDA programs are being linked to a producer’s federal income tax return.

 

Check out the updated 2011 Sample Tax Return!  You can find it here.

 

 

We are excited to announce our website now includes a copy of:
 
(courtesy of LGUTEF and USDA-RMA)