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Essentially all farmers, ranchers and other agricultural producers must file a federal tax return and pay federal income and/or self-employment taxes on their net profit. Farm, Farming and Who's a Farmer for Tax Purposes Filing Dates and Estimated Tax Payments provides information about IRS definitions of a farm and farmer filing income tax returns. There are special rules on filing dates for those producers that qualify as a farmer (i.e., one who receives more than two-thirds of his or her net income from farming). provides more details regarding qualifications and estimated tax payments.
Rural Tax Education
introduction, agricultural, federal tax, issues
Education | Higher Education | University Extension
Ward, Ruby, "Introduction to Agricultural Federal Tax Issues" (2016). Rural Tax Education. 18.