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Farms.com Home  › News

New Bulletin Available on Farm Income Taxes: Am I a Farm Business?

By Jonathan LaPorte

Many people find taxes to be complicated and even intimidating. Tax returns for farmers may be many pages long, involving multiple forms and schedules. Determining your status as a farmer and your operation’s status as a farm business is an important start. Determining your business structure has significant implications for taxes as well.

Farm Income Taxes: Am I a Farm Business? (Bulletin E3510) from Michigan State University Extension explores how to begin navigating income taxes, including the potential impact your business activities and business structure may have on how you file taxes. Visit the DEMaND Series website to download this new resource today. Check out additional articles, bulletins, webinar recordings and more!

Source : msu.edu

Trending Video

Hay As A Cash Crop Panel Discussion

Video: Hay As A Cash Crop Panel Discussion

For producers looking to get into the commercial market in Ontario, there are several avenues. Our Forage Focus panel discussed some of those options.

The panel includes: Mark Horst of Marcrest Manufacturing, Fritz Trauttmansdorff from Ontario Hay and Forage Co-operative Inc, Chris Martin from Marhaven Agri and Chinook Hay Systems, James Fisher from The Hay Press Company, and Jaye Aitkins from Agricultural Credit Corporation. It was moderated by Christine O'Reilly from OMAFA.

 
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