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Showing posts with label Income Tax. Show all posts
Showing posts with label Income Tax. Show all posts
Friday, September 13, 2013
Thursday, March 8, 2012
FARMER TAX-TIPS, 2011
By Paul Gutierrez and Patrick Sullivan, Extension Economist, NMSU
Tax time is here and it is a good time to step back and take a look at your business. Successful tax planning requires the taxpayer to examine the “big picture” of their operation.
Qualified farmer: Special rules exist for the payment of estimated tax and filing deadlines for individuals that are “qualified farmers”. For 2011, a qualified farmer is an individual that derived at least two-thirds of their gross income from farming in 2010 or 2011 (Publication 225).
Tax time is here and it is a good time to step back and take a look at your business. Successful tax planning requires the taxpayer to examine the “big picture” of their operation.
Qualified farmer: Special rules exist for the payment of estimated tax and filing deadlines for individuals that are “qualified farmers”. For 2011, a qualified farmer is an individual that derived at least two-thirds of their gross income from farming in 2010 or 2011 (Publication 225).
Tuesday, January 18, 2011
Income and Self Employment Tax Information on Line
Utah State University Extension has a new sight to help farmers and ranchers with tax issues. The contributors are from throught the cooperative extension system. Members of this group are involved in Extension at their individual state’s land grant universities and/or are in private practice as CPAs or tax preparers. Many are members of The National Farm Income Tax Extension Committee that works with IRS each year to make the Farmer’s Tax Guide, Publication 225, more readable and understandable.
Check it out.
http://www.ruraltax.org/
Check it out.
http://www.ruraltax.org/
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