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Tax Tips: Farm Tax, Farmland Sales Affected by Fiscal Cliff Legislation

2013-02-07 22:38:00| Corn & Soybean Digest

Source: University of Illinois farmdocDaily Congress passed the American Taxpayer Relief Act of 2012 (ATRA) on Jan. 1, 2013 and with President Obama's signature the following day, ATRA ushered in broad new tax laws for 2013 onward. While ATRA's tax changes are extensive and many of these changes will affect farmers, this article will point out the changes that may have the most impact on the farmer's income tax bill. read more

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