Taxation
The tax code treats farms differently from other businesses, but most tools miss those details. Farmers should know how these differences affect their bottom line.
Farm, Farming and Who’s a Farmer for Tax Purposes
An introductory primer to the definitions of ‘farm’ and ‘farmer’ under the Internal Revenue Code, and the tax benefits they provide.
- Utah State University Rural Tax Education
- Webpage
Tax Toolshed
A hefty resource toolkit to help farmers and ranchers prepare for tax season, inclusive of presentations, diagnostic tools, decision trees, and more.
- California FarmLink
- Webpage
Tax Guide for Owners and Operators of Small and Medium Size Farms
An introduction to tax management for small and medium sized farms
- Utah State University Rural Tax Education
Interactive Schedule F, Profit or Loss from Farming
An interactive guide to Schedule F, explaining and providing examples for each line of the farmer’s primary tax form.
- Iowa State University Center for Agricultural Law and Taxation
- Webpage
Depreciation and Expensing
An educational series on depreciation and expensing, with examples across a range of recovery periods.
- Iowa State University Center for Agricultural Law and Taxation
- Webpage
Looking for more local resources near you?
For more information about local and state educational opportunities, contact your Farmers Union state office.
