Farm bookkeeping and the federal income tax

Farm bookkeeping and the federal income tax

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Extension Service. KINDS OF REPORTS Two kinds of reports a€” declarations of estimated tax and tax returns a€” are still required but the rules ... A declaration of estimated tax is required of a farmer whose gross income is $500 or more. ... of persons and property, use of motor vehicle or boat, documents, and so on, are no longer deductible except when paid as a ... That part of the property tax that is applicable to the farm residence or non- farm personal property is still a deductibleanbsp;...

Title:Farm bookkeeping and the federal income tax
Author: United States. Bureau of Agricultural Economics, United States. Extension Service
Publisher: - 1944

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