Free farmer’s tax guides available at Extension Center
BOONVILLE–In 1817 Benjamin Franklin said, “In this world nothing can be said to be certain, except death and taxes.”
Income tax time is just around the corner and farmers need to start getting prepared. A good resource that can help is the free Farmer’s Tax Guides available at your local University of Missouri Extension center. The is a free publication and is very helpful in explaining tax related issues. Whether you file your own taxes or hire a professional tax preparer, you still need to understand the basic farm income tax principals. The Farmer’s Tax Guide discusses topics such as what’s new in 2013 and 2014, farm income, farm business expenses, basis of assets, depreciation and amortization, gains and losses, disposition of property, installment sales, self-employment tax, etc. To pick up one of these free publications stop by the Cooper County Extension Center at 510 Jackson Road, Suite A; Boonville. Or if you prefer you can contact the office by phone at 660-882-5661 or by e-mail at email@example.com and request a copy can be mailed to you.
For more information on other farm tax related questions feel free to contact one of the listed below Agriculture Business Specialists in the University of Missouri Extension’s West Center region:
· Wesley Tucker at firstname.lastname@example.org or by phone at 417-326-4916
· Mark Jenner at email@example.com or by phone at 660-679-4167
· Brent Carpenter at (firstname.lastname@example.org or by phone at 660-827-0591
· Nathanial Cahill at email@example.com or by phone at 660-747-3193)