Sale!

Farming: Specific Income Issues and Farm Cooperatives Edition

$61.91 $33.97

Description

IRS Tax Audit Manual for Farming: Specific Income Issues and Farm Cooperatives 

Overview of the industry. Discusses potential for unreported income from primary farm income and non-farming sources…..

TABLE OF CONTENTS

  • Chapter 1
    • Unreported Income 1-1
  • Chapter 2
    • Unreported Income of By-Products and
    • Secondary Sources of Income 2-1
  • Chapter 3
    • Examining Farmer Income Records 3-1
  • Chapter 4
    • Gross v. Net Proceeds 4-1
  • Chapter 5
    • Government Farm Programs Commodity
    • Credit Corporation Loans (CCC Loans) 5-1
    • Effect on Income When Election Under
    • IRC section 77 Has Been Made 5-1
    • Effect on Income When No Election
    • Has Been Made 5-2
    • Market Gain Resulting From CCC Loans 5-2
    • Commodity Certificates 5-3
    • Using Certificates to Pay Off CCC Loans
    • (“PIK and Roll”) 5-4
    • Using Certificates to Pay Off CCC Loans When
    • No IRC section 77 Election Has Been Made 5-4
    • Using Certificates to Pay Off CCC Loans When
    • An IRC section 77 Election Has Been Made 5-5
    • Certain Cost-Sharing Payments 5-5
    • Conservation Reserve Program (CRP) 5-6
    • Crop Insurance and Disaster Payments 5-7
    • Dairy Termination Program (Milk Production
    • Termination Program or Dairy Herd Buy-Out Program 5-8
    • Deficiency Payments 5-8
    • Diversion and Set-Aside Payments 5-9
    • Farm and Warehouse Storage 5-9
  • Chapter 6
    • Cooperatives Background 6-1
    • Delivery Debentures 6-2
    • Base Capital Plan 6-3
    • Audit Techniques for Cooperative Transactions 6-4
    • Checks payable Jointly to Lien Holder and Farmer 6-5
    • Cooperative Expenses 6-5
  • Chapter 7
    • Rules of Thumb and Other Information on
    • Farming Livestock 7-1
    • Cattle 7-2
    • Dairy 7-2
    • Poultry 7-3
    • Sheep 7-3
    • Swine (Hogs) 7-3
    • Horses 7-4
    • Row Crops 7-4
    • Tenant Farmers/Crop Sharing 7-4
    • Double Cropping 7-4
    • Wheat-Beans 7-5
    • No-Till 7-5
  • Chapter 8
    • Other Farm Related Issues Agricultural Labor 8-1
    • Discharge of Qualified Farm Indebtedness 8-1
    • Family Partnerships 8-1
    • Fertilizer Costs 8-1
    • Involuntary Conversion 8-1
    • Landclearing Expenses 8-1
    • Method of Accounting for Corporations
    • Engaged in Farming 8-1
    • Recapture of Soil Conservation and
    • Land Clearing Expenses 8-1
    • Soil Conservation Expenditures 8-2
    • Unharvested Crops Sold with Land 8-2
Don’t forget – The IRS Tax Audit Manual for the Farming: Specific Income Issues and Farm Cooperatives is tax deductible as a business expense!