Agriculture Tax Center

IRS: Drought-stricken farmers, ranchers have more time to replace livestock
According to the Internal Revenue Service (IRS), farmers and ranchers who were previously forced to sell livestock due to drought in a relevant region now have an additional year to replace livestock and defer tax on any gains from forced sales.

Tax Tips - Agriculture
This section offers more than helpful tax tips. Other topics include: whether crop insurance and crop disaster payments are taxable, farm income averaging, when a commodity credit corporation loan becomes income, and much more.

Financial Resources - Agriculture 
This section provides you with direct links to many commonly-used financial resources for small businesses.

Forms and Publications to Assist Farmers
This article contains links to Forms and Publications of interest to farmers.

Foreign Agricultural Workers
For U.S. tax purposes, Farm Workers may be treated differently than other foreign employees.

Pub 225 – Farmers Tax Guide
This publication explains how the federal tax laws apply to farming. Use this publication as a guide to figure your taxes and complete your farm tax return.

Publication 51 (Circular A), Agricultural Employer’s Tax Guide
This publication is for employers of agricultural workers (farm workers). It contains information that you may need to comply with the laws for agricultural labor (farm work) relating to social security and Medicare taxes, FUTA tax, and withheld federal income tax.

Trends and Statistics - Agriculture
This site provides industry-specific and general survey results that should be of interest to the small business owner.

Conservation Reserve Program “Annual Rental Payments” and Self-Employment Tax
This section offers information on the United States Department of Agriculture (USDA) Conservation Reserve Program (CRP) and the proper reporting of annual rental payments.

What’s new for farmers in 2018?
Many farmers and ranchers will benefit from tax law changes that affect net operating losses, pass-through entities and accounting method changes. Fact sheet 2018-19 highlights some of the Tax Cuts and Job Act (TCJA) tax law changes.