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This version of the form is not currently in use and is provided for reference only. Download this version of
Form SFN28727 Schedule ND-1FA
for the current year.
Form SFN28727 Schedule ND-1FA Tax Under 3-year Averaging Method for Elected Farm Income - North Dakota
What Is Form SFN28727 Schedule ND-1FA?
This is a legal form that was released by the North Dakota Office of State Tax Commissioner - a government authority operating within North Dakota. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form SFN28727?
A: Form SFN28727 is a form used to schedule the ND-1FA tax under the 3-year averaging method for elected farm income in North Dakota.
Q: What is the ND-1FA tax?
A: The ND-1FA tax is a tax calculation method for elected farm income in North Dakota.
Q: What is the 3-year averaging method?
A: The 3-year averaging method is a tax calculation method that allows farmers to average their income over a three-year period.
Q: Who can use the 3-year averaging method?
A: Farmers in North Dakota who meet certain criteria can use the 3-year averaging method for their elected farm income.
Q: What is elected farm income?
A: Elected farm income refers to the income derived from farming activities that is eligible for the 3-year averaging method.
Q: Why would someone choose the 3-year averaging method?
A: Farmers may choose the 3-year averaging method to reduce their tax liability by spreading out their income over a longer period.
Form Details:
- Released on December 1, 2020;
- The latest edition provided by the North Dakota Office of State Tax Commissioner;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form SFN28727 Schedule ND-1FA by clicking the link below or browse more documents and templates provided by the North Dakota Office of State Tax Commissioner.
Download Form SFN28727 Schedule ND-1FA Tax Under 3-year Averaging Method for Elected Farm Income - North Dakota
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