Conservation Reserve Payments and Self-Employment Taxes
Description:
Farmers enrolling their land in the Department of Agriculture's Conservation Reserve Program (CRP) receive payments for refraining from farming their property and for engaging in certain conservation practices mandated by the Department of Agriculture. These payments are described in the contract with the Department of Agriculture as "rental payments." Farmers would like to treat the income as "rental income" because it would not be subject to self-employment taxes, but the Internal Revenue Ser…
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Date:
May 1, 2000
Creator:
Morris, Marie B.
Partner:
UNT Libraries Government Documents Department