STE. GENEVIEVE — With the new year upon us, ‘tis the season for taxes.
To help farmers navigate tax preparation, the IRS publishes a “Farmer’s Tax Guide”.
The publication explains how the federal tax laws apply to farming and serves as a guide to figure your taxes and complete your 2021 farm tax return.
Also included in the publication are administrative and law changes for 2021.
To obtain a copy of “Farmer’s Tax Guide – Publication 225”, visit your local University of Missouri Extension Office.