Grants and Government Payments Tax Information

Rural Tax Education

In recent years, several states and the federal government have made new grant programs available to farmers and for-profit farm and food businesses. In general, these grants are for improving agricultural production, processing, distribution, and/or marketing. However, there may be offsetting tax deductions from the use of these funds. 

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Working with a Tax Professional

This article will share steps a farmer/rancher can take to get the best value from that service and ensure a strong working relationship with their tax professional.

Government Payments: Form 1099-G

This fact sheet reviews the IRS Form 1099-G and provides examples of various federal government programs which may be reported to farmers and ranchers over the course of their respective business operations.

How to Choose a Tax Professional

Choosing the right accountant or tax return preparer can be a crucial decision for farmers, ranchers and forest landowners. Part of this important decision is based on personality, but there are some key questions that should be asked of potential (and ma...

Grants and Government Payments Tax Information

In recent years, several states and the federal government have made new grant programs available to farmers and for-profit farm and food businesses. In general, these grants are for improving agricultural production, processing, distribution, and/or mark...

See All Tax Topics

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Additional Resources:

Small Farm Tax Guide

This information is intended for educational purposes only. You are encouraged to seek the advice of your tax or legal advisor, or other authoritative sources, regarding the application of these general tax principles to your individual circumstances. Pursuant to Treasury Department (IRS) Circular 230 Regulations, any federal tax advice contained here is not intended or written to be used, and may not be used, for the purpose of avoiding tax-related penalties or promoting, marketing or recommending to another party any tax-related matters addressed herein.