Farmers have concern that equipment exchanges will now be taxable. I explain why this may not matter. Also, the alternative calculation allowed by the House Bill for income subject to the maximum 25% tax rate may not be that generous for most of our farmers.
This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.
Want to learn more? Complete the form below and we'll be in touch. If you are unable to see the form below, please complete your submission here.Contact us