Title: Complete sample state and federal income tax forms.
Course: Operating the Farm Business (18301-III) > Section: Developing and Analyzing Agricultural Production Records

Completion should include

- the most common state and federal tax forms (e.g., schedule F) related to an agricultural enterprise, an explanation of each, and basic differences among them
- terms used on agriculture, business, and employer tax forms
- common software tools to assist with accounting and taxes.

Process/Skill Questions:

- What is Form 1040, and when should it be used?
- What is Form 1040EZ, and when should it be used?
- How would a farm owner develop a tax management plan?
- How would one differentiate tax forms used in agriculture from standard tax forms?
- What is the purpose of the schedule F tax form?