Tax Topics
Disaster Tax Information
There are special tax provisions for sales of livestock more than normal because of weather conditions. Personal and business losses may be deductible due to disasters (i.e. fire, flood, hurricane, tornado).
New Farmer Tax Information
Useful topics for beginning farmers. The linked fact sheets are a good place to start to get basic information you may need as you consider your tax situation.
Tribal Tax Information
There are some conditions that will allow income from farming and ranching to be exempt from federal income and self-employment taxes for farming on trust property. However, not all tribal members will meet those conditions.
Archived Topics
See archived tax topics Please note: these articles are archived due to year-to-year changes in legislation, rules, etc. While the basis holds true and these articles can be helpful for background information or understanding, specifics may no longer be valid. You can also see more information by visiting related links.
Current Topics
Choices for Your Farm Operating Loss
Many young or beginning farmers may find that their projected farm expenses exceed anticipated farm receipts for the current tax year. These farm losses may be experienced during a start-up period. However other losses may be the result of unexpected even...