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Deciphering IRS Pub. 225, Farmer’s Tax Guide: Part 2


Farming is a complicated business. To remain profitable and avoid penalties, farmers must stay on top of tax laws. Most farmers find it beneficial to employ experts to prepare and file their tax returns and assist them with tax planning. Whether your client is a hands-on farmer, crop share landlord, or simply rents farmland, it’s vitally important for you, the tax preparer, to understand what tax provisions affect these clients.

This self-study course walks you through the various types of expenses a farmer may have and explains where to report these expenses. It also discusses various depreciation methods and explains how and when to use them.

This course is the second in a 3-part series on Deciphering IRS Pub. 225. Each course discusses a different aspect of taxation for farmers. Part 1 can be found here. Part 3 can be found here.

Last reviewed for accuracy: October 2023


Webinar Instructor: Debbie Held

Debbie Held has been an instructor with the Tax School since 2000. She has also served as a chapter author and reviewer for the University of Illinois Federal Tax Workbook. She is a graduate of Sangamon State University (University of Illinois at Springfield). She has been employed by the IRS since 1979, spending time as a revenue agent, appeals officer, and most recently as a management analyst for the Communications & Liaison Division. She previously taught various accounting courses at Lincoln Land Community College for 18 years. She is a certified public accountant (CPA) and resides in Raymond, Illinois, where her family farms.

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