New Tax Education Program for Farmers
The USDA-Risk Management Agency (RMA) in conjunction with several Universities has just announced a new site for financial and tax information for farmers. The site is located at www.ruraltax.org.
The site is comprised of:
- Tax Topics
- Sample Farm Tax Return
- Small Farm Tax Guide
- Links
Plus some information on who has contributed to the site and the history of the program.
I have briefly reviewed the small farm tax guide and it has very useful information on not just taxes, but budgeting and how financial statements work, etc. Having this site in conjunction with the farmer’s tax guide at the IRS web site will answer many of the common questions that farmers might have.
However, this information is of a fairly general nature and this blog is designed to help our farmers with more complex tax and accounting needs. Make sure to review these two useful publications, but we look forward to helping you with your other tax and accounting needs.
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
I reviewed the link to ruraltax.org which included notice of a webinar scheduled for Dec 6 put on by Purdue. When I clicked the link for more information, it asks for sign in information. I was expecting a sign up screen of some type. Do you have any information about this webinar or how I could contact someone to sign up? Thanks.