Ask the Taxman by Andy Biebl

Avoid Ag's Exit Tax

Decades of deferred taxation can come back to haunt farm retirees without good tax counsel. Depreciation recapture on farm equipment can pose one of the thorniest problems. (DTN/The Progressive Farmer file photo by Jim Patrico)
CPA Andy Biebl details how retiring farmers can minimize tax shock when exiting ag and how small employers can avoid another potential Affordable Care Act fine.

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