TITLE

Tax planning for 2012 more important than ever

AUTHOR(S)
Stein, Dennis
PUB. DATE
March 2012
SOURCE
Southwest Farm Press Exclusive Insight;3/22/2012, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The author discusses changes in the tax options that farm owners use to manage their business taxes for 2012. One is the scheduled reduction in the Section 179 tax deduction limit from 500,000 dollars in 2011 to 139,000 dollars in 2012. Another is the 50 percent decline in the bonus depreciation deduction that farms get on all approved new capital purchases.
ACCESSION #
74579173

 

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