FARM LIFE NEWS
Taxlink by Andy Biebl
Tue Nov 26, 2013 07:08 AM CST

DTN Tax Columnist Andy Biebl is a CPA and principal with the accounting firm of CliftonLarsonAllen LLP in New Ulm and Minneapolis, Minn., a former president of the Minnesota Society of CPAs and a national authority on agricultural taxation. He writes for both DTN and our sister publication, The Progressive Farmer. To pose questions for upcoming columns, email AskAndy@dtn.com.

Question:

You recently wrote that you expect Congress will not renew the 50% bonus for new assets and the Section 179 deduction will drop from its current $500,000 amount back to a pre-recession number of about $140,000. That's a big change ...

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