Tax Training (English Version)

This section educates on agricultural income tax topics, including federal filing requirements, recordkeeping, and specific tax rules for agriculture. It highlights key concepts like self-employment taxes, the Qualified Business Income Deduction (QBID), and the Earned Income Tax Credit (EITC) for farmers and ranchers. Additional learning materials are available through IRS publications and online resources focused on agricultural tax guidance.

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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