Archived Sample Tax Returns

The information on these forms and explanations is not from any actual farming operation. However, these sample return use actual 2011 Income Tax forms to show you how to prepare your income tax return.

Click on the links below to get to the returns.

Small Northeast Family Farm

This return is for a small Northeast family dairy farm. The 2011 income is higher than in the past and the taxpayer is able to reduce the tax liability by using farm income averaging.

The information on these forms and explanations is not from any actual farming operation. However, this sample return uses actual 2011 Income Tax forms to show you how to prepare your income tax return.

Full Files:

Explanations	Forms	Name of Form
Introduction
Schedule F	Schedule F	Profit or Loss from Farming
	Schedule A	Itemized Deductions
Form 4562	Form 4562	Depreciation and Amortization
Schedule SE	Schedule SE	Self-Employment Tax
Form 4684	Form 4684	Casualties and Thefts
Form 4797	Form 4797	Sales of Business Property
Form 8949	Form 8949	Sales and Other Disposition of Capital Assets
Schedule D	Schedule D	Capital Gains and Losses
Form 8903	Form 8903	Domestic Production Activities Deduction
Form 1040	Form 1040	U.S. Individual Income Tax Return
Schedule J	Schedule J	Income Averaging for Farmers and Fishermen
	Form 4136	Credit for Federal Tax Paid on Fuels
Completing the Return	Payment Voucher

Mary Gold, Beginning Farmer

The Mary Gold case study describes how a young person may return to the commodity family farm and begin a farming operation with mom's and dad's help. The sample income tax return provides a model, using the case study facts, of how a young, beginning farmer's income tax return should be.

Full Files:

Explanations	Forms	Name of Form
Introduction
Form 1040	Form 1040	U.S. Individual Income Tax Return
Schedule F	Schedule F	Profit or Loss from Farming
Schedule SE	Schedule SE	Self-Employment Tax
Form 8863	Form 8863	Education Credits
Form 4562	Form 4563	Depreciation and Amortization
Payment Voucher	Payment Voucher

The Hopefull Family

The Hopefull family receive an inheritance which is the event that allows them to acquire a small farm and begin to operate and develop a high-value and added-value farming operation. Several income tax situations are illustrated that commonly may impact a tax return of a young family. The case study facts regarding four enterprises provides for an interesting outcome for this first year of farming.

Full Files:

Explanations	Forms	Name of Form
Introduction
Form 1040	Form 1040	U.S. Individual Income Tax Return
Schedule A	Schedule A	Itemized Deductions
Schedule C	Schedule C	Profit or Loss from Business
Schedule F	Schedule F	Profit or Loss from Farming
Schedule SE	Schedule SE	Self-Employment Tax
Form 2441	Form 2441	Child and Dependent Care Expenses
Form 8889	Form 8889	Health Savings Account (HSA)
Form 4562 for Schedule C	Form 4562 for Schedule C	Depreciation and Amortization
Form 4562 for Schedule F	Form 4562 for Schedule F	Depreciation and Amortization

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.