Schedule F of Form 1040 Overview

1 Hour

This basic overview course on Schedule F addresses common questions about filing federal income taxes for farmers.  We will explore key sections and lines of Schedule F, including typical farm income and deductible expenses.  Topics include credit for federal ta paid on fuels, livestock affected by weather, and reporting vehicle use for the farm.  This course provides the guidance needed to navigate this challenging topic accurately.

SPEAKER:  James F. Tice, EA

Mr. James Tice is a distinguished leader in the firm’s tax practice. He specializes in organizing, preparing, and supervising complex tax planning and compliance for various tax-exempt organizations and small businesses. Mr. Tice frequently lectures on a wide range of topics, including tax, business, and ethics. He has been actively involved with the Pennsylvania Society of Tax & Accounting Professionals since 2005 and has been enrolled to practice before the IRS since 2012.