Thursday, January 16, 2014

Free Farmer’s Tax Guides Available at Extension Center

Contact: Wesley Tucker, agriculture business specialist
Headquartered in Polk County
Tel: (417) 326-4916

BOLIVAR, Mo. -- Income tax time is arounce the corner and farmers need to start getting prepared according to Wesley Tucker, an agriculture business specialist with University of Missouri Extension.

A good resource that can help is the free Farmer’s Tax Guides available at your local University of Missouri Extension center.

“This free publication and is 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,” said Tucker.

The Farmer’s Tax Guides discusses topics such as what’s new in 2013 and 2014, farm income, farm business expenses, basis of assets, depreciation & amortization, gains & losses, disposition of property, installment sales, self-employment tax.

To request one of these free publications call or stop by your local MU Extension Center.

For more information on other farm tax related questions contact any of MU Extension’s agriculture business specialists located in southwest Missouri: Wesley Tucker in Polk County, (417) 326-4916; Dr. Gordon Carriker in Christian County, (417) 581-3558; or Stacy Hambelton in Ozark County, (417) 679-3525.


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