TITLE

Deductive Reasoning

AUTHOR(S)
POCOCK, JOHN
PUB. DATE
March 2011
SOURCE
BEEF;Mar2011, Vol. 47 Issue 7, p78
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the tax deduction rules for farm equipment purchases in the U.S. Roger McEowen, director at Iowa State University Center for Agricultural Law and Taxation, says that the expansion of the Section 179 tax deduction to 500,000 dollars and 100 percent bonus depreciation for new assets have provided farm tax relief. The limitations of the tax deduction rules include taxable income must be equal to planned deductions, and purchases must not exceed more than 2 million dollars.
ACCESSION #
60010286

 

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