COLUMBUS, Ohio — The Farmer’s Tax Guide is now available on the Internal Revenue Service’s IRS.gov website for use in preparing 2013 tax returns.
This IRS publication applies to individuals who cultivate, operate, or manage a farm for profit. For tax purposes, a farm includes livestock, dairy, poultry, fish, fruit and truck farms, as well as plantations, ranches, ranges and orchards.
The guide includes tax updates for 2013 and 2014, to help farmers plan ahead. It also covers recordkeeping and record retention requirements. Other topics include tracking farm income, expenses, employment taxes and sample tax returns.
The tax relief applies to Ohio counties Brown, Butler, Clark, Clermont, Clinton, Darke, Fairfield, Fayette, Franklin, Greene, Hamilton, Highland, Jackson, Madison, Montgomery, Pickaway, Pike, Preble, Ross, Scioto, Vinton and Warren, which were listed by the National Drought Mitigation Center as having suffered exceptional, extreme or severe drought conditions.
Farmers and ranchers in counties contiguous to a county listed by the NDMC may also qualify for the drought-related tax relief. Details are available at IRS.gov. Electronic filing, or e-filing, is an option for many farmers
The Farmer’s Tax Guide, as well as other IRS forms and publications, can be accessed at IRS.gov or ordered by calling toll-free, 800-TAX-FORM. Telephone assistance is available by calling the IRS business and specialty line at 800-TAX-4933.