Course Name: AB015-Tax Issues for Farmers and Ranchers

This course introduces common tax filing issues for owners of small businesses or farms. The information presented in this module comes from the Ruraltax.org website, which contains a variety of small farm tax examples that could be used to supplement the presentation. This module briefly touches of individual tribal tax and deferred tax issues. This module is not meant to be a comprehensive look at taxes and tax issues; rather, it is meant to help participants become more aware of the types of tax issues that exist. 1. Basic tax forms 2. Schedule F 3. Self-employment taxes 4. Hobby loss rules 5. Form 1099 6. Individual tribal taxes 7. Section 179 8. Depreciation and estate taxes Questions? Contact Trent Teegerstrom at tteegers@ag.arizona.edu.