In the small business market, farming is one of the rare industries with its own schedule and IRS laws. It is difficult, if not impossible, to properly serve a farming client if you don’t have the proper training on the complexities of Schedule F and the associated tax laws governing this form. Anyone who deals with farming returns should take our CE course on Schedule F, Profit or Loss From Farming.
Schedule F, Profit or Loss from Farming
The Tax University CE course on Schedule F, Profit or Loss From Farming includes the following topics:
- The proper method of accounting
- How to determine material participation
- The types of farm-related income
- How to define cooperative distributions
- Commodity Credit Corporation (CCC) loans
- Crop insurance proceeds
- How to describe and compute farm income averaging
- The types of farm-related expenses
- How to calculate the income or loss from farm-related activities
- The farm accrual method
- The farm optional method
- Farm rental activities
- Completing Schedule F
Publication Date: July 2018
IRS Course #: A360U-T-00099-18-S
Program Level: Intermediate
Prerequisites/Advanced Preparation: The student should be familiar with Form 1040.
Delivery Method: QAS Self-Study
License Term: 180 days
CPE/CE Credits: IRS 2 CE Federal Tax. One 50- minute period equals one CPE/CE Credit Hour.
Field of Study: Tax
Passing Grade: Participants who answer a minimum of 70% correct on the final exam will receive a Certificate of Completion.
Record Retention: As an IRS-approved provider of continuing education The Tax University will report successful completion of this course to the IRS. You can access and view all completed continuing education credits through your online PTIN account.
Complaint Resolution Policy: Please contact our customer service department at 1-434-227-4480.
Refund Policy: 30-day money back guarantee. For refund assistance, please contact our customer service department at 1-434-227-4480.
The Tax University Offers Substantial Discounts When You Purchase Multiple Courses! All Discounts Appear At The Bottom Of The Order Page When More Than One Course Is Selected.
Click Here To Order The CE Course Schedule F, Profit Or Loss From Farming