You are in the business of farming if you cultivate, operate, or manage a farm for profit, either as an owner or a tenant. You are in the business of farming if you harvest fruits and vegetables. In addition, you are considered a farmer if your business includes stock, dairy, poultry and fish. You're considered a farmer if your venture includes plantations, ranches, ranges, orchards, and truck farms. Use this topic to figure your taxes and complete your farm tax return. In this topic you will learn how the federal tax law applies to farming.
Tax Education Homepage
Student Instructions:
Please follow the following 3 steps:
Read the reading Material to answer the questions on this page and also to complete the short quiz. Reading Material click here.
Submit Assignment Online Click Here. (Have your questions on this page filled out and ready to answer the questions online one by one).
Complete a short quiz on the reading material: Short Quiz online click here. You have 30 minutes to complete 20 questions for this quiz. You must study the reading material. You won't have time to look up questions in the reading material. If you don't pass, you can retry - Every time you try the questions will be different.
So just to recap: for every section or topic you will submit an assignment (step 2) and a short quiz (step 3).
Important: If you fail a topic you can try again until you pass. However, you cannot try again until 24 hours later. This will give you enough time to study and review the reading material.
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