A Farmer’s life is not an easy one and when it comes to taxes – it feels just as complicated! So Tax Tiger, a tax attorney in Sacramento, wants to make sure all the farmers out there are getting the help they need when it comes to tax resolution assistance. If you are a farmer, managing a farm, or a related field, these are a few good tips to keep in mind so as to not get in trouble with the Internal Revenue Service.
1. Don’t stress over the mess – Insurance has got you covered
If your crops get damaged, the crop insurance you receive still counts as income. It’s important that you report this to the IRS though.