Exhibit 7
(Par. XXX, XXX)
* -- Instructions for Completing FSA-892, REQUEST FOR AN EXCEPTION TO THE 2017 WHIP PAYMENT LIMITATION FOR $125,000.
A Completing the FSA-892
A manual FSA-892 is an optional form for all applicants. The applicant completes this form to request an exception to the $125,000 payment limitation. 2017 WHIP payments are subject to $900,000 payment limitation if the applicant can prove 75% of their adjusted gross income (AGI) is derived from farming, ranching, and forestry and a CPA or attorney provides certification of compliance.
Notes: This form is:
only used for WHIP
not required for general partnerships or joint ventures, but must be completed by each member of a general partnership or joint venture.
Follow this table to complete a FSA-892.
Item |
Instructions |
1 |
Enter the name and address of the FSA county office or USDA service center where the completed CCC-892 will be submitted. |
2 |
Enter the person’s or legal entity’s name and address. |
3 |
In the format provided, enter the complete taxpayer identification number of the individual or legal entity identified in item 2. This will be either a social security number or taxpayer identification number. |
4 |
Select the appropriate check box – 4A if the applicant is requesting a $900,000 payment limit and meets the criteria. Or 4B if the applicant does not want the $900,000 payment limit. |
5 |
Read the acknowledgements, responsibilities, and authorizations, before affixing your signature. (Individual or Entity) |
6 |
Enter the title or relationship to the legal entity identified in Item 2. |
7 |
Enter the signature date in month, day and year. |
8 |
Read the acknowledgements, responsibilities, and authorizations, before affixing your signature. (CPA or Attorney Only) |
9 |
Identify as applicable Certified, Public Accountant (CPA) or Attorney. |
10 |
Enter applicable State you are licensed to practice in, followed by your associated individual license number. |
11 |
Enter the signature date in month, day and year. |
Exhibit 7
(Par. XXX, XXX)
*-- Instructions for Completing CCC-891, PAYMENT LIMITATION REQUEST
B Example of the Completed CCC-892
File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
Author | Ramsburg, Brittany - FSA, Washington, DC |
File Modified | 0000-00-00 |
File Created | 2021-07-14 |