Proposed rules clarify farmland sale tax installment election
Proposed regulations issued by the IRS explain how sellers of certain farmland can elect to pay the resulting tax in …
Election by Taxpayers with 2018-2020 Farming Losses to Disregard Cares Act NOL Rules
In a Revenue Procedure, IRS has set out how taxpayers that have a net operating loss (NOL) for any tax …
IRS initiates pilot program for auditing farmers’ Form 1040, Schedule F expenses
IRS’s Small Business/Self-Employed Division (SB/SE) has issued an internal memorandum that explains a pilot program for auditing expenses taken on …