Income Tax Management for Farmers
The following abstract describes a publication that is only available for purchase. A link to ordering information is on this page.
North Central Regional Publication
Minimizing income taxes while maximizing after-tax income is the focus of Income Tax Management for Farmers.
- Year-round tax management
- Tax accounting methods
- Government payments
- Special rules for droughts and other disasters
- Capital gains and losses
- Income averaging
- Farm purchase or sale
- Social Security considerations
- Tax projection (worksheet).
This is not a tax preparation guide.
- Accrual accounting
- Capital gains
- Capital losses
- Cash accounting
- Tax planning
- Tax tips