November 29, 2011
Utah State University Cooperative Extension recently launched a Rural Tax Education website to provide farmers and ranchers and Extension educators with agriculturally-related income tax information. The homepage of the website includes information about upcoming free-of-charge webinars related to agricultural taxes, as well as a highlighted hot topic in the farm tax field. It also includes a link to the updated Tax Guide for Owners and Operators of Small and Medium Farms.
Also on the website are a list of Tax Topic fact sheets, a sample 2009 tax return, a list of related links, and a brief history of the National Farm Income Tax Extension Committee.
USDA’s Risk Management Agency (RMA) funded the project and Extension agents and professors from 15 universities have contributed to its development. Participating universities include Virginia Polytechnic Institute and State University, University of Wisconsin-Madison, Oklahoma State University, North Carolina State University, University of Illinois, University of Vermont, University of Georgia, The Ohio State University, Iowa State University, Purdue University, University of Kentucky, University of Arizona, and Colorado State University.
For additional information about farm perspectives on federal taxes, visit the USDA Economic Research Service briefing page on Farm Household Economics and Well-Being: Federal Taxes and Households.
Categories: Budget and Appropriations
This is a great resource. The Tax Guide is extremely well written and easy to understand. I’m looking forward to sharing this with my small farm clients!