Why is it that filing our taxes always feels so, well, taxing? Completing your taxes doesn’t have to be so hard! Join us for a one-hour, lunchtime informative session where Kelly McAdam and Mike Sciabarrasi of UNH Extension will cover the basics of what you need to know for filing your taxes this year as a new farmer. We will also highlight parts of the One Big Beautiful Bill, which passed last year, and how it will impact your taxes.
In this webinar, we will cover:
How the IRS defines a farm
When you should report farm income
Step-by-step how to file a Schedule F
Instances in which you will send or receive a 1099
Record keeping practices to make filing your taxes simple
How the One Big Beautiful Bill can change your taxes this year
This work is supported by the Beginner Farmer Rancher Development Program, project award no.2024-49400-43622, from the U.S. Department of Agriculture’s National Institute of Food and Agriculture.
Caroline Beaton
---------------
If you need an accommodation to participate in our programming, please contact Caroline Beaton (caroline.beaton@unh.edu) prior to the event. Given ample time, we will make any reasonable effort to meet your needs, including language access services if requested, which will be provided free of charge.
