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
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
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