Grazing leases can be a valuable tool, giving new farmers access to land they might not be able to buy outright. Here’s how they work.

A Simple Guide to Grazing Leases

Farming is an unpredictable business. Income averaging can help by smoothing out sudden spikes in your farm’s tax bill.

A Guide to Schedule J (Form 1040): Income Averaging for Farmers

A straightforward guide to making the most of the mileage rate deduction for your farm.

Keeping petty cash topped up ensures you can cover spur-of-the-moment expenses while tracking day-to-day spending.

If you hire a contractor, or if you pay another business in the form of barter, there’s a good chance you’ll need to request a Form W-9.

Annual HVUT can total up to $550 per vehicle, but farmers can use Form 2290 to exempt their vehicles from the tax. Here’s how.

If your business employs farmworkers and withholds payroll taxes from their wages, you’ll need to report them to the IRS using Form 943.

If you sold any business property last year like equipment, vehicles or livestock, you’ll have to file Form 4797 to report any gains on your taxes.