Farm classification, accounting, and income completeness
50 planned instructional minutes
Schedule F: Farm Income and Expenses
From Farm Records to a Defensible Individual Return
Build a defensible farm return from receipts, settlement sheets, production records, prepaid contracts, and asset schedules. This practitioner workshop distinguishes farm operations from rental and nonbusiness activity, applies cash-method and capitalization rules, reconciles depreciation and dispositions, and traces profit through self-employment tax and qualified business income. Fictional software-entry laboratories develop evidence-based decisions, with reserve instruction on crop-loss elections, farm income averaging, and estimated-tax rules.
- Audience
- Enrolled Agents and CPAs
- Level
- Intermediate
- Practice edition
- TY2025
- Proposed category
- Federal Tax Law
Course and credit status
4 live IRS CE hours are proposed, not approved or currently awarded. Provider status, program numbers, qualified human technical review, and actual instructional duration must be verified before release. Self-study hours require separate validation. CPA CPE acceptance depends on the applicable board and sponsor rules.
This is a standalone course with its own identity, curriculum, cases, and examinations. Enrollment will open once course availability, schedules and applicable enrollment terms are confirmed.
Public topic outline
Core instruction and reserve applications
Four 50-minute core modules provide 200 planned instructional minutes. Two 30-minute reserve modules expand the authoring library to 260 minutes, exactly 30% more. Unused reserves do not increase a learner's credit award.
Expenses, prepayments, conservation, and capitalization
50 planned instructional minutes
Farm assets, depreciation choices, and dispositions
50 planned instructional minutes
Schedule F to Schedule SE, QBI, and Form 1040
50 planned instructional minutes
Crop insurance, disaster payments, and livestock elections
30 planned instructional minutes
Income averaging and the farmer estimated-tax rules
30 planned instructional minutes
Preparation and practice
Working knowledge of Form 1040, ordinary business income, and elementary basis concepts; no farming experience or prior Academy course is required.
Six synthetic, nontransmitting TY2025 laboratories include one complete controlled federal computation. The other five are targeted workpapers, not complete returns. No production taxpayer information, wallet credentials, IRS ATS data, or certified native software importer is supplied.
Private instructional resources
The instructor master, worked answers, 18 review questions, and two 20-question final forms are private authoring resources. Future learner access requires verified Academy identity and active entitlement to this specific course. Completing a practice activity does not itself award continuing education credit.
Course access status