Filing (English Version)

This section offers guidance on tax filing, with a focus on reporting income, deductions, and losses. It highlights the importance of accurate record-keeping and a legitimate profit motive to meet tax requirements. Key deadlines and potential penalties for late submissions are also emphasized, helping individuals understand their tax responsibilities and avoid penalties.

3. Tax Evaluation

1. Does the client (do you) pay self employment taxes on your farm/ranch earnings?

2. Are you legally married to someone who is also working in your farm or ranch business?

2A. If both spouses own the business, do both pay self-employment taxes?

3. If the client (if you) have income between about $15,000 and $60,000 they (you)  may qualify for the Earned Income Tax Credit (EITC). If this may apply, are they (you) aware of the EITC and do they (you) understand how farm/ranch income may change the amount of the EITC?

Results

Lesson 1, 2 and 3 are appropriate.

Results

Lesson 3 (Tax Training) is appropriate

Results

Lesson 3 (Tax Training) is not needed

Evaluation Year

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TrueFalse

Contact Information

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