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5 things to know about federal taxes when starting a farm business

11 a.m. EDT (9 a.m. MDT) To view this webinar click HERE or visit https://connect.usu.edu/ward2013/

Presented by Ruby Ward, Utah State University Extension

When starting a new farm or ranch business it is important to have a basic understanding of a few tax issues. Unexpected taxes can hurt the financial viability of a new farm business. This webinar will go over some basic concepts that will make complying with tax laws and planning for tax payments easier.

Visit RuralTax.org for more information. This is the first webinar in a two-part series presented on August 29. Both webinars will be recorded and available for later viewing.

These webinars are made possible through a grant from USDA-Risk Management Agency and Utah State University Extension.

They are for extension educators, farmers and ranchers, and accountants working with farmers and ranchers.

Cole Ehmke (Guest)

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About the Extension Foundation

The Extension Foundation was formed in 2006 by Extension Directors and Administrators. Today, the Foundation partners with Cooperative Extension through liaison roles and a formal plan of work with the Extension Committee on Organization and Policy (ECOP) to increase system capacity while providing programmatic services, and helping Extension programs scale and investigate new methods and models for implementing programs. The Foundation provides professional development to Cooperative Extension professionals and offers exclusive services to its members. In 2020 and 2021, the Extension Foundation has awarded 85% of its direct funding back to the Cooperative Extension System, 100% of funds are used to support Cooperative Extension initiatives. 

This technology is supported in part by New Technologies for Ag Extension (funding opportunity no. USDA-NIFA-OP-010186), grant no. 2023-41595-41325 from the USDA National Institute of Food and Agriculture. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Agriculture or the Extension Foundation. For more information, please visit extension.org. You can view the terms of useat extension.org/terms.

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