Taxes and Record Keeping for Small Farmers- Workshop 2: Let’s Look at Those Taxes: Preparing a Tax Return for a Small Farm

This is the second installment in a three-part series led by Michael Foley, following up on his popular workshop by the same name from the Farmers’ Convergence (in Feb.).

In this workshop, Michael will look at Schedule F, the tax return for farmers and how to fill out the information on income and expenses. We’ll also consider special tax breaks for farmers and how to get them. And we’ll see where to account for other, non-farm income and expenses. We’ll do the depreciation worksheets for common farm equipment, such as trucks and hoop houses. Throughout the workshop, we will use a common tax preparation program to take us through the process, and we will answer questions that may come up and talk about when you might need a tax professional to work out difficult aspects of your return. Participants are encouraged to bring their already completed or partially completed returns for discussion.

Location: Fireside Room, Golden Rule Dining Hall, Ridgewood Ranch

Open to all. Donations appreciated (suggested donation – $10). Thank you to the MendoLake Food Hub for supporting this workshops series.