NEWS
Sacred Cows Targeted
Marcia Zarley Taylor DTN Executive Editor
Thu Feb 20, 2014 09:07 AM CST

HADDONFIELD, N.J. (DTN) -- Some of agriculture's most valued sacred cows could fall victim to tax reform legislation about to be debated in Congress.

Cash accounting -- a time-honored method small businesses use to ease their taxes on income they have yet to receive -- could be severely restricted, as well as depreciation schedules on farm equipment and buildings and the use of 1031 tax-deferred exchanges on real estate.

While the objective of such legislation is to simplify the U.S. tax code for the first time since the 1980s, small business owners worry that they may end up footing the ...

Quick View
  • Prepping for a Pest USDA has released a new set of pest response guidelines for Helicoverpa armigera, the voracious g...
  • Racing the Clock For Brian Marshall, the clock starts the minute a new calf hits the ground. Within the first four...
  • Hay Baling Safety Important Looking at it as a sporting event, mid-July is the halftime of the hay baling season in most of t...
  • Study Your Farm Bill Options Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • Klinefelter: By the Numbers Peak prices since 2007 didn't slow megafarm consolidation. Mid-size operators may need to collabo...
  • Corn's Hidden Highways Scientists are rewriting the route to better hybrids.
  • Ask the Vet Before implanting heifers that will be bred, consult with a veterinarian to be sure fertility won...
Related News Stories
Ask the Taxman by Andy Biebl
Taxlink by Andy Biebl
IRS Targets "Passive" Landowners
House OKs Business Tax Breaks
Taxlink by Andy Biebl
Ask the Taxman by Andy Biebl
Taxlink by Andy Biebl
Ask the Taxman by Andy Biebl
Taxlink by Andy Biebl