Farming isn’t easy. It’s a seven-days-a-week job that requires a diverse set of skills, long hours, and some luck with the weather. It’s with this in mind that the National Farm Income Tax Extension Committee recently created RuralTax.org, an online tool that provides agricultural producers with a source for agriculturally related income and self-employment tax information that is both easy to understand and continually updated to reflect changes in tax laws.
The Committee has a 50-plus year history of working with the IRS to edit Publication 225: The Farmer’s Tax Guide. It’s comprised of representatives from more than 12 land-grant universities around the country, who realized the need to partner with USDA’s Risk Management Agency (RMA) to provide more information for farmers about Federal taxes. We at RMA are dedicated to providing useful tools for farmers to access crucial information and are proud to have provided support for the website. Read more »