NEWS
Year-End Tax Panic
Elizabeth Williams DTN Special Correspondent
Fri Dec 5, 2014 01:02 PM CST

INDIANOLA, Iowa (DTN) -- If you reimbursed an employee for individual health care costs, received a crop insurance indemnity payment, traded commodity options this year or had a lot of repair bills, your 2014 taxes just got more complicated.

That doesn't even count the anxiety Congress caused by not extending the $500,000 section 179 expense deduction limit until the 11th hour. The House of Representatives on Wednesday passed a bill to extend the higher expense limit for 2014. The bill now goes to the Senate and if it passes (which tax experts expect), the president will likely sign it next ...

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