Overview of the industry. Provides terminology. Topics discussed include underreporting of income, employment taxes, accounting methods, government farm programs, etc. TABLE OF CONTENTS
Chapter 1 INTRODUCTION
Chapter 2 PRODUCTION CYCLES
Chapter 3 EXAMINATION TECHNIQUES
Chapter 4 EMPLOYMENT TAXES IRM 4034
Chapter 5 ACCOUNTING
Chapter 6 INCOME
Chapter 7 GOVERNMENT FARM PROGRAMS
- The Farm and Warehouse Storage Program 7-5
- The Diversion and Set-Aside Program 7-4
- The Deficiency Program 7-3
- Resources 7-9
- Reporting Program Payments 7-19
- Market Gain 7-15
- Loan Method 7-11
- Limitation on Total Payments 7-3
- Income Realized 7-6
- Income Method 7-13
- General Rules for Reporting Loan Data 7-18
- Examination Techniques 7-24
- Examination Techniques 7-16
- Effects of the Exclusion 7-7
- Crop Insurance and Disaster Payments 7-22
- Cost Sharing Exclusion 7-5
- Conservation Reserve Program (CRP) 7-8
- Conservation 7-5
- Commodity Credit Loans 7-10
- Commodity Credit Corporation Loans 7-9
- Commodity Credit Certificates (PIK) 7-21
- Cash Payment Programs 7-3
- Agricultural Program Payments 7-1
Chapter 8 HEDGING FARM COMMODITIES Chapter 9 CANCELLATION OF INDEBTEDNESS
Chapter 10 FORECLOSURES, REPOSSESSIONS, AND ABANDONMENTS
Chapter 11 FARM BUSINESS EXPENSES
Chapter 12 BASIS AND SALES OF THE FARM AND FARM ASSETS
Chapter 13 DEPRECIATION, COST RECOVERY AND IRC 179
Chapter 14 DEPLETION
Chapter 15 SALES OF LIVESTOCK
Chapter 16 CREDITS
