Agriculture Tax Center

Cancellation of Debt, Foreclosures, and Similar Dispositions of Farm Property
Have you had a portion of a loan forgiven? Did you experience a foreclosure of farm property? For more information see Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (for Individuals) or Publication 5550, Real Estate Property Foreclosure and Cancellation of Debt Audit Technique GuidePDF

Commodity Credit Corporation Loans - Agriculture Tax Tips
When does a loan become income?

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.

Crop Insurance and Crop Disaster Payments - Agriculture Tax Tips
Are these payments taxable?

Estimated Taxes
Notice 2022-13PDF provides a waiver of the addition to tax under section 6654 for underpayment of estimated income tax by qualifying farmers and fishermen described in the notice. Under the notice, the addition to tax is waived for farmers and fishermen who, by April 18, 2022, or, for those taxpayers who reside in Maine or Massachusetts, by April 19, 2022, file their 2021 federal income tax return and pay in full any tax reported as due on the return.

Farm Income Averaging - Agriculture Tax Tips
Is your profit greater than normal? See Publication 225, Farmer's Tax Guide, for more information.

Drought-stricken farmers, ranchers may have more time to replace livestock
Farmers and ranchers who were previously forced to sell livestock due to drought in a relevant region may have an additional year to replace livestock and defer tax on any gains from forced sales. Refer to Tax Relief in Disaster Situations for more information.

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

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

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

Soil and Water Conservation - Agriculture Tax Tips
Do you have an erosion problem?

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

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.