Farm Tax Record Book - National Association of Tax Professionals Store Record Book... ·...
70
Farm Tax Record Book
Transcript of Farm Tax Record Book - National Association of Tax Professionals Store Record Book... ·...
Farm Tax Record Book
TABLE OF CONTENTS
This book has been designed to assist you in organizing and accumulating information necessary to properly complete your income tax return as accurately as possible. Careful record keeping will help assist your tax professional to give you every deduction or credit permitted by the IRS. It will also assist in confirming both income and expenses if an occasional receipt or invoice is later missing. In addition to completing this record book, keep all receipts and supporting documents for both income and expenses. If you have questions regarding this record book, please contact your tax professional for assistance.
NATP #610A © Copyright 2017 National Association of Tax Professionals, Appleton, WI 54912-8002. All rights reserved.
Farm Receipts ........................................................................................................................................................... 2–13Milk Sales and Deductions Worksheet ........................................................................................................................... 14Government Payments Worksheet ................................................................................................................................ 15Commodity Certificates ................................................................................................................................................. 15Sale of Livestock Worksheet .................................................................................................................................... 16–19Farm Expenses ........................................................................................................................................................ 20–55Wage Record .......................................................................................................................................................... 56–57Auto and Truck Worksheet ...................................................................................................................................... 58–60Property Purchased ....................................................................................................................................................... 61Trades and Exchanges .................................................................................................................................................. 62Livestock Purchased ..................................................................................................................................................... 63Casualty Losses and Involuntary Conversions................................................................................................................ 64Bad Debts and Losses .................................................................................................................................................. 64Annual Summary Cash Receipts ................................................................................................................................... 65Annual Summary Cash Expenses .............................................................................................................................66–67
SAMPLE
FARM RECEIPTSA
Date
B
Sold To
C
Item
D
Quantity
E
Amount Received
F
Amount Deposited
1
Crops
2
Milk(see worksheet)
3
Livestock(see worksheet)
4
Custom Work
5Government Payments
(see worksheet)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 2
SAMPLE
6
Livestock Products(wools, hides, etc.)
7
Poultry and Eggs
8 9
Other Farm Income(list type)
10
AmountNon-Farm Income
(list type)
11
Amount
12
Loans
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
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30
31
T
Page 3SAM
PLE
FARM RECEIPTSA
Date
B
Sold To
C
Item
D
Quantity
E
Amount Received
F
Amount Deposited
1
Crops
2
Milk(see worksheet)
3
Livestock(see worksheet)
4
Custom Work
5Government Payments
(see worksheet)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 4
SAMPLE
Page 5
6
Livestock Products(wools, hides, etc.)
7
Poultry and Eggs
8 9
Other Farm Income(list type)
10
AmountNon-Farm Income
(list type)
11
Amount
12
Loans
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM RECEIPTSA
Date
B
Sold To
C
Item
D
Quantity
E
Amount Received
F
Amount Deposited
1
Crops
2
Milk(see worksheet)
3
Livestock(see worksheet)
4
Custom Work
5Government Payments
(see worksheet)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 6
SAMPLE
Page 7
6
Livestock Products(wools, hides, etc.)
7
Poultry and Eggs
8 9
Other Farm Income(list type)
10
AmountNon-Farm Income
(list type)
11
Amount
12
Loans
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM RECEIPTSA
Date
B
Sold To
C
Item
D
Quantity
E
Amount Received
F
Amount Deposited
1
Crops
2
Milk(see worksheet)
3
Livestock(see worksheet)
4
Custom Work
5Government Payments
(see worksheet)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 8
SAMPLE
Page 9
6
Livestock Products(wools, hides, etc.)
7
Poultry and Eggs
8 9
Other Farm Income(list type)
10
AmountNon-Farm Income
(list type)
11
Amount
12
Loans
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM RECEIPTSA
Date
B
Sold To
C
Item
D
Quantity
E
Amount Received
F
Amount Deposited
1
Crops
2
Milk(see worksheet)
3
Livestock(see worksheet)
4
Custom Work
5Government Payments
(see worksheet)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 10
SAMPLE
Page 11
6
Livestock Products(wools, hides, etc.)
7
Poultry and Eggs
8 9
Other Farm Income(list type)
10
AmountNon-Farm Income
(list type)
11
Amount
12
Loans
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM RECEIPTSA
Date
B
Sold To
C
Item
D
Quantity
E
Amount Received
F
Amount Deposited
1
Crops
2
Milk(see worksheet)
3
Livestock(see worksheet)
4
Custom Work
5Government Payments
(see worksheet)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 12
SAMPLE
Page 13
6
Livestock Products(wools, hides, etc.)
7
Poultry and Eggs
8 9
Other Farm Income(list type)
10
AmountNon-Farm Income
(list type)
11
Amount
12
Loans
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
INCOMEMilk Sales and Deductions (Worksheet)
Date1
Gross Amount2
Trucking3
Feed4
Supplies5
Dues6
Debt Repayment7 8 9
Net Milk Check Received
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 14
SAMPLE
INCOMEGovernment Payments (Worksheet)
Date Soil Bank Payments Amount Received
Date Agricultural Payments Amount Received
Commodity Certificates
DateReceived Face Value
Cost(if purchased)
CCC Loan RatePer Bushel
If used to reduce CCC loan, enter the posted county price per bushel
Date(if sold)
Amount (if sold)
Page 15SAM
PLE
INCOMESale of Livestock (Worksheet)
Date Sold to Qty. or ID Dairy Cows Heifers Cattle Steers Calves
12345678910111213141516171819202122232425262728293031
Total
Page 16SAM
PLE
Sows Boars Swine Other Breeding (Type) Sales Price Other Markets (Type) Sales Price Date Purchased Cost (X) if Raised
12345678910111213141516171819202122232425262728293031T
Page 17SAM
PLE
INCOMESale of Livestock (Worksheet)
Date Sold to Qty. or ID Dairy Cows Heifers Cattle Steers Calves
12345678910111213141516171819202122232425262728293031
Total
Page 18SAM
PLE
Sows Boars Swine Other Breeding (Type) Sales Price Other Markets (Type) Sales Price Date Purchased Cost (X) if Raised
12345678910111213141516171819202122232425262728293031T
Page 19SAM
PLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 20
SAMPLE
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
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T
Page 21SAM
PLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 22
SAMPLE
Page 23
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 24
SAMPLE
Page 25
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 26
SAMPLE
Page 27
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 28
SAMPLE
Page 29
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
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20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
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TotalPage 30
SAMPLE
Page 31
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
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29
30
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TotalPage 32
SAMPLE
Page 33
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
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30
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TotalPage 34
SAMPLE
Page 35
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
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26
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TotalPage 36
SAMPLE
Page 37
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
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30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
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TotalPage 38
SAMPLE
Page 39
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
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20
21
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24
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T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
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TotalPage 40
SAMPLE
Page 41
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 42
SAMPLE
Page 43
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
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26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 44
SAMPLE
Page 45
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 46
SAMPLE
Page 47
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 48
SAMPLE
Page 49
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 50
SAMPLE
Page 51
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 52
SAMPLE
Page 53
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
FARM EXPENSES
Date Paid ToCheck No. or Cash (X)
1
TotalExpenditures
2Auto
and Truck Expense
3
BreedingFees
4
Chemicals
5
FeedPurchased
6
Fertilizerand Lime
7
Freight andTrucking
8
Gasolineand Fuel Oil
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
TotalPage 54
SAMPLE
Page 55
9
Insurance
10
Interest
11
HiredLabor
12
MachineHire
13Rent,
Farm, and Pasture
14
Repairs
15
Seeds andPlants
16
Storage &Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expense
(Describe)
21
Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
T SAMPLE
EXPENSESWage Record
Date Name Check No. Gross WagesFederal Tax
WithheldSoc. Sec. Tax
WithheldMedicare Tax
WithheldState Tax Withheld Other Other
Net Wages Paid
TotalPage 56
SAMPLE
EXPENSESWage Record – Continued
Date Name Check No. Gross WagesFederal Tax
WithheldSoc. Sec. Tax
WithheldMedicare Tax
WithheldState Tax Withheld Other Other
Net Wages Paid
TotalPage 57
SAMPLE
EXPENSESAuto and Truck (Gross Vehicle Weight less than 14,000 lbs.)
Enter all expenses related to your automobiles and small trucks. You must be able to substantiate the business use of these vehicles. Written records with expenses recorded at or near the time they are incurred are the most acceptable. Records are not required for vehicles
that are clearly used most of a normal business day for business if you are willing to accept a 75% business use percentage of these vehicles.
Date Check No. or Cash (X) Description Paid To Vehicle #1 Vehicle #2
Total
Vehicle #1Odometer Reading Beginning of Year ____________Odometer Reading End of Year ____________Business Miles (per log) ____________
Vehicle #2Odometer Reading Beginning of Year ____________Odometer Reading End of Year ____________Business Miles (per log) ____________
Page 58SAM
PLE
EXPENSESAuto and Truck (Gross Vehicle Weight less than 14,000 lbs.)
Enter all expenses related to your automobiles and small trucks. You must be able to substantiate the business use of these vehicles. Written records with expenses recorded at or near the time they are incurred are the most acceptable. Records are not required for vehicles
that are clearly used most of a normal business day for business if you are willing to accept a 75% business use percentage of these vehicles.
Date Check No. or Cash (X) Description Paid To Vehicle #1 Vehicle #2
Total
Vehicle #1Odometer Reading Beginning of Year ____________Odometer Reading End of Year ____________Business Miles (per log) ____________
Vehicle #2Odometer Reading Beginning of Year ____________Odometer Reading End of Year ____________Business Miles (per log) ____________
Page 59SAM
PLE
EXPENSESAuto and Truck (Gross Vehicle Weight less than 14,000 lbs.)
Enter all expenses related to your automobiles and small trucks. You must be able to substantiate the business use of these vehicles. Written records with expenses recorded at or near the time they are incurred are the most acceptable. Records are not required for vehicles
that are clearly used most of a normal business day for business if you are willing to accept a 75% business use percentage of these vehicles.
Date Check No. or Cash (X) Description Paid To Vehicle #1 Vehicle #2
Total
Vehicle #1Odometer Reading Beginning of Year ____________Odometer Reading End of Year ____________Business Miles (per log) ____________
Vehicle #2Odometer Reading Beginning of Year ____________Odometer Reading End of Year ____________Business Miles (per log) ____________
Page 60SAM
PLE
PROPERTY PURCHASEDEnter the following: Machinery, trucks, autos; draft, dairy, or breeding animals; major repairs to buildings and fences;
other major improvements to the business portion of your property; land clearing expenses; and Commodity Certificates.
DateCheck No. or
Cash (X)Partial or
Full Payment DescriptionPaid To
(Name and Address)Total
Purchase Price
TotalPage 61
SAMPLE
TRADES AND EXCHANGES
Date of Trade Item Received Item Traded Received to Boot Paid to Boot
Total
Page 62SAM
PLE
LIVESTOCK PURCHASEDEnter the cost of feeder stock purchased.
Date Check No. or Cash (X) Description Paid To Amount Paid
Total
Page 63SAM
PLE
CASUALTY LOSSES AND INVOLUNTARY CONVERSIONSEnter losses of business property caused by fire, wind, lightning, storms, death by sickness, and other casualty losses.
Theft losses may also be entered. DO NOT ENTER personal losses.
Date of Casualty Describe Property and Casualty
Date Acquired Cost
Salvage Value
Insurance Reimbursement
Amount to Repair/Replace
Check No. or Cash (X)
Total
BAD DEBT AND LOSSESEnter information on business debts owed to you that are uncollectible.
Page 64SAM
PLE
ANNUAL SUMMARY OF CASH RECEIPTS
MonthAmount
Received
1
Crops
2
Milk
3
Livestock
4Custom
Work
5Government Payments
6LivestockProducts
7Poultry
and Eggs
8 9 10OtherFarm
11
Nonfarm
12
Loans
1 January
2 February
3 March
4 April
5 May
6 June
7 July
8 August
9 September
10 October
11 November
12 December
T Total
Page 65SAM
PLE
ANNUAL SUMMARY OF CASH EXPENSES
Month
1Total
Expenditure
2Auto & Truck
Expense
3Breeding
Fees
4
Chemicals
5Feed
Purchased
6Fertilizer& Lime
7Freight &Trucking
8Gasoline& Fuel Oil
9
Insurance
10
Interest
1 January
2 February
3 March
4 April
5 May
6 June
7 July
8 August
9 September
10 October
11 November
12 December
T Total
Personal Share
Farm Share
Page 66SAM
PLE
Month
11HiredLabor
12Machine
Hire
13Rent, Farm,& Pasture
14
Repairs
15Seeds &Plants
16Storage &
Warehouse
17
Supplies
18
Taxes
19
Utilities
20
VetOther Expenses
(Describe)
21
Amount
1 January
2 February
3 March
4 April
5 May
6 June
7 July
8 August
9 September
10 October
11 November
12 December
T Total
Personal Share
Farm Share
Page 67SAM
PLE
SAMPLE
