Taxes and Record Keeping

General Resources

• IRS Publication 225, The Farmers Tax Guide
• IRS 1040 Schedule F and Instructions
• IRS Publication 51 Circular A, Agricultural Employer's Tax Guide
• IRS Forms and Publications to assist Farmers
• Rural Tax Education
• Iowa State University Center for Agricultural Law and Taxation

Timber-Specific Resources

• Allocation for Cost Basis for Timber (.xlsx)
• National Timber Tax Website
• IRS Form T and Instructions for Timber

H-2A Resources

• IRS H-2A Labor Information Page
• IRS Publication 519 US Tax Guide for Aliens
• IRS Informational Page Taxation of Non-Resident Aliens

Record Keeping

• Production Yield Record Spreadsheet (.xls)

Tax Hot Topics

• Federal Income Tax Challenges for the Cannabis Industry, Dr. Adam Kantrovich
• Livestock Sales, Extreme Weather Events, and Tax Consequenses, Dr. Adam Kantrovich
• Taxation of the Cannabis Industry (Federal and Michigan State Tax Law), Mary Jane Hourani
• Drought-stricken farmers and ranchers have more time to replace livestock