USDA Risk Management Agency (RMA) has introduced a new website - Rural Tax Education - that provides farmers and ranchers, other agricultural producers and Extension educators with a source for agriculturally related income and self-employment tax information.
Tax issues are important for agricultural operations because income and self-employment taxes are a major cost, and also because more and more USDA programs are being linked to a producer’s federal income tax return.
Also on the website is a Tax Guide For Owners and Operators of Small and Medium Size Farms, produced by Land Grant University Tax Education Foundation, INC. through a grant from the USDA Risk Management Agency.
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