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The Tsunami of Deferred Taxes
2013-03-26 19:06:00| Corn & Soybean Digest
A tax tidal wave of epic proportions is emerging on many farms that have had an offensive game strategy in recent years, pushing taxes forward. Strong profits, particularly in the grain industry, and aggressive farm tax strategy using accelerated depreciation are the major culprits. Prepaying expenses and deferring income into future years is also creating a large deferred tax liability on farm balance sheets.Road Warrior read more
Tags: taxes
deferred
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Category:Agriculture and Forestry