11/07/2025
Hey all you lucky Farmers out there!
Did you know that IF YOU TRACK MILEAGE for your car, then you are allowed to claim 75% of your miles WITHOUT KEEPING A LOG?? https://extension.usu.edu/ruraltax/tax-topics/farm-farming-whos-a-farmer
The rest of us business owners wish we were so lucky.
Happy Friday and happy farming!
Meeting the qualifications of farming and being a farmer under the Internal Revenue Code (IRC) allows for special benefits; however, not all agricultural producers meet these qualifications even if they are producing agricultural products, which is why it is vitally important for operators of farms....