# Averaging of Farm Income
> **IRS** · Final regulations. · Published 2002-01-08 · Effective 2002-01-08 · 67 FR 817
## Document
- **Document number:** 02-183
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 67 FR 817
- **CFR reference:** 26 CFR 1
- **Publication date:** 2002-01-08
- **Effective date:** 2002-01-08
- **Treasury docket:** TD 8972
## Abstract

This document contains final regulations relating to the election to average farm income in computing tax liability. The regulations reflect changes to the law made by the Taxpayer Relief Act of 1997, as amended by the Tax and Trade Relief Extension Act of 1998, and provide guidance to individuals engaged in a farming business.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2002/01/08/02-183/averaging-of-farm-income)
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