Farm income and expenses are reported to the IRS on a Schedule F (Form 1040), Profit or Loss From Farming. This webinar addresses the tax reporting requirements for farmers, including how to identify if you have farm income, when to file your tax return, and common tax deductions available to farmers. This webinar also includes a discussion about how the Schedule F is related to your overall tax return and common business reports.
For more information and to register, visit the New Farmers Winter Webinar Series page.