University Extension Commons^™

2012 Federal Tax Forms Used By Beginning Farmers And Ranchers, Jc Hobbs

Rural Tax Education

This article provides a list of business and personal tax forms and schedules which farmers and ranchers may experience when filing their annual income tax return. This publication does NOT cover the rules that apply for each of these forms. For a more complete list of forms and publications visit the IRS Forms and Publications website at: http://www.irs.gov/formspubs/article/0,,id=232801,00.html for the most current forms and publications.

Time Value Of Money, Warren Lee

Rural Tax Education

The outcomes of most business decisions occur over an extended period of time, often several years. Thus, most decisions should be analyzed using the concept of time value of money. The time value of money is the general universal preference for “a dollar in hand today is worth more than the prospect of receiving a dollar on some future date”.

It is generally accepted that if you were offered a choice of two alternatives, a gift of $1,000 today or a gift of $1,000 on some future date, such as one year from now, you would elect to receive the …

Conservation-Related Payments And Expenditures, George Patrick

Rural Tax Education

Concerns about soil erosion, air and water quality, wildlife habitat and environmental protection have resulted in the rapid expansion of conservation-related programs. Generally, the benefits associated with these conservation programs accrue to society as a whole, rather than just to those specific individuals who incurred costs from the implementation of a conservation-related program. For these individuals, costs may exceed benefits. To encourage increased participation in conservation-related activities, payments may be made to producers, rural landowners, and others by federal, state, and local governments and private institutions.

This fact sheet identifies six types of conservation-related payments and expenditures and discusses how …

What Is Farming? Does Reporting Matter?, George Patrick

Rural Tax Education

Many rural families combine a number of economic activities to generate additional family income. Farm production activities may be combined with full-time employment in farming or in the non-farm sector. Part-time employment may involve several seasonal jobs during the year or a part-time job throughout the year.

Generally, an employed individual will receive a Form W-2 reporting the wages received and taxes withheld. In other situations, the individual may be contracted to perform a specified task or provide a service and properly receive a Form 1099-MISC. The individual generally has responsibility for paying the self-employment tax as well as the …

Basis, Dennis Kauppila

Rural Tax Education

Basis is a short version of the term ‘Adjusted Tax Basis.’ Basis measures an owner’s investment in an asset. Usually basis decreases each year by the amount of depreciation taken on the asset. When it comes time to sell an asset, basis is just about the only thing that can lower the tax bill. Gains (which are taxable) are figured using basis, so keeping track of the adjusted tax basis of assets is important. This is how basis is used to figure a gain:

Sales Price - Basis = Gain.

Lease Vs. Purchase Of Machinery, Warren Lee

Rural Tax Education

Leasing or purchasing of machinery and equipment represent alternative ways for farm operators to acquire assets for agricultural production. Leasing has increased in popularity with agricultural producers. Manufacturers and financial institutions view leasing and selling equipment as alternative means to generate business. By comparing the net present value of the after-tax costs, farmers can determine the least expensive way to acquire machinery or other assets in the farmer’s specific situation. Key factors in the lease vs. purchase decision are the interest rate on loans, lease payments, the taxpayer’s marginal tax rate, and the taxpayer’s after-tax discount rate that reflects …

Campus Blueprint Enrollment Management Council’S Strategic Enrollment Management Plan 2012-2017

University of Nebraska-Lincoln Administration: Reports, Papers, Publications, and Presentations

Report Outline

Building a Big Ten University

The Case for Enrollment Growth

Student Recruitment Outlook

• A Decade of Recruiting Success
• Power of the Big Ten Brand

The Case for Student Retention

Enrollment Growth Initiatives

Part One: Student Recruitment Initiatives

• Sharing Our Story of Quality
• Improving the Academic Profile and Student Diversity
• Priority One: Nebraska
• Expanding the University’s Outreach
• Expanding National Recruitment Travel and Outreach
• Enhancing Marketing and Web Services
• Increasing the Prospective Student Pool
• Expanding Capacity for Campus Visits and On-campus Events
• Building UNL’s International Student Recruiting Program
• Developing and Promulgating Best Practices in Graduate Recruiting

Ua42/3/2 Wku Glasgow, Wku Glasgow

WKU Administration Documents

Overview of WKU Glasgow.

Ua1b2/1 Wku Glasgow, Wku Glasgow

WKU Administration Documents

Overview of WKU Glasgow campus.

University Of Nebraska- Lincoln Fact Book 2011-2012

University of Nebraska-Lincoln Administration: Reports, Papers, Publications, and Presentations

Fact Book Table of Contents

Introduction ......................................................................................... 1

Table of Contents .......................................................................................... 2

General Information

University of Nebraska-Lincoln Core Values ................................................ 4

The Role of the University of Nebraska-Lincoln ........................................ 5

The Missions of the University of Nebraska-Lincoln ......................................... 5

Teaching...................................................................................................... 6

Research. .............................................................................. 7

Service........................................................................................... 7

Institutional and Professional Accreditations..................................................... 8

University of Nebraska-Lincoln Administrative Organization Chart ................... 11

Student Credit Hours (SCH)

Total SCH: Fall Semester Since 1979 ....................................................... 12

Total SCH: Spring Semester Since 1993 ......................................................... 13

SCH by College and Course Level, Fall and Spring Semester - 5 Year Trend ..... 14

SCH by College and …

Ontology Management For Universities, Roland Böving

Theses

What is the 'knowledge' of a university? It is the sum of all experiences and all contributions of students and staff. Knowledge ultimately exists, among other things, in the form of theses, articles, lectures and research reports. The largest knowledge pool of a university is made up, however, of the knowledge and expertise of every single member of the university. As a result of the high rate of turnover of people, knowledge and expertise are on the one hand constantly being lost, but this is replaced by a fresh intake of upcoming young students and lecturers reflecting the spirit of …

Adding Value To Graduate Education: The Comprehensive Examination, John L. Lindquist, Samuel E. Wortman, Charles A. Francis

Department of Agronomy and Horticulture: Faculty Publications

Virtually all graduate study requirements for MS or PhD degrees include a written comprehensive and an oral exam, the latter most often a presentation of thesis or dissertation results. The written exam takes many forms, but the goals are to test the candidate for technical competence and affirm that the prior program course work has been effective in bringing the candidate to an acceptable level of understanding of the discipline in which she or he has been immersed. Although long accepted as a useful hurdle on the path to a degree, for some exceptional students who have already demonstrated competence …

Recognition Of Prior Learning And The Irish National Framework Of Qualifications: A Practical Approach, Deirdre Goggin

Conference Papers

No abstract provided.

What The Future Holds For Higher Education In Singapore, Singapore Management University

Perspectives@SMU

Higher education in Singapore is evolving, and Dr. Tony Tan, the recently elected President of Singapore, shared his vision for the “futures” of higher education at a Sim Kee Boon Institute for Financial Economics Public Lecture Series, held at the Singapore Management University in July.

Collaborative Learning And Developing The Capacity As A Reflective Practitioner, Deirdre Goggin, Phil O'Leary

Conference Papers

The BA in Community Development has no final written exams and instead depends on a number of other approaches to assess the students learning. In year 1, semester 1 students take a module called ‘Portfolio Methods for RPL’ which explores the process of RPL, and what a learning portfolio is. More importantly, it requires the students to focus on their prior learning and not experience per se. In the following semester the method is used to report on work placement and to capture the authentic and individual learning of each student. This paper explores the collective approach to documenting work …

Net Operating Losses, Philip E. Harris

Rural Tax Education

Weather, disease and variable prices for inputs and commodities cause farmer’s income to fluctuate from one year to the next. Farmers can minimize their income tax liability by managing the timing of their income and deductions to keep their taxable income level. In some cases, the leveling technique is not enough to avoid a spike in taxable income or a dip that causes taxable income to go below zero. The tax effect of the spikes can be minimized with income averaging rules. The tax effect of the dips below zero can be managed with the net operating loss (NOL) rules …

Alternative Minimum Tax, Philip E. Harris

Rural Tax Education

Congress imposes the alternative minimum tax (AMT) on taxpayers to prevent them from combining several tax exclusions, deductions and credits to pay very little or no federal income tax even though they have significant income. When it was first enacted in 1969, the AMT affected only a few, very high-income taxpayers. Since it was first imposed, changes to the regular tax rules cause many more taxpayers to pay the AMT. This fact sheet gives a basic explanation of the AMT, some examples of situations that cause taxpayers to pay it, and some planning techniques to minimize the impact of the …

Ua42/3/2 Wku Glasgow Factbook, Wku Glasgow

WKU Administration Documents

WKU Glasgow factbook.

University Of Nebraska- Lincoln: Fact Book 2010-2011

University of Nebraska-Lincoln Administration: Reports, Papers, Publications, and Presentations

Fact Book Table of Contents

General Information

UNL Core Values ....................................................................... 4

The Role of UNL ................................................................................ 5

The Missions of UNL .................................................................................... 5

Institutional & Professional Accreditations ....................................................... 8

UNL Administrative Organization Chart ........................................................... 11

Student Credit Hours (SCH)

Total SCH: Fall Semester Since 1979 ............................................................. 12

SSH by College and Student Level, Fall & Spring Semester - 5 Year Trend ........ 13

SCH by College and Student Level, Fall Semester - 5 Year Trend.................... 14

SCH by College and Student Level, Spring Semester - 5 Year Trend ................. 15

Summer Sessions and Summer Sessions Student Credit Hours ....................... …

Like-Kind Exchange (Trade) Of Business Assets, Guido Van Der Hoeven

Rural Tax Education

During the course of operating a farm or ranching business, operators will dispose of property used in the business. Disposition can occur in a variety of ways. A sale and/or trade (like-kind exchange) of property are two common methods of disposition. The purpose of this discussion is to illustrate correct income tax reporting procedures when business properties are disposed of over the course of time through like-kind exchanges.

This discussion will focus on the like-kind exchange of tangible personal property (i.e. equipment and vehicles) commonly known as trade-ins. The point of the discussion is to bring readers a better understanding …