Income Tax Management for Farmers
Editor's note
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.
Sections cover
- Year-round tax management
- Tax accounting methods
- Depreciation
- Government payments
- Special rules for droughts and other disasters
- Expenditures
- Losses
- Capital gains and losses
- Income averaging
- Farm purchase or sale
- Social Security considerations
- Tax projection (worksheet).
Note
This is not a tax preparation guide.
Keywords
- Accrual accounting
- ACRS
- Capital gains
- Capital losses
- Cash accounting
- MACRS
- Tax planning
- Tax tips
Pages
NCR2, revised July 2002