|
SC Iowa | Here is article from ISU farm tax guy....yes, it IS the kind of stuff that will make your eyes glaze over pretty fast....
net/net----the amount of the deduction (has gone from 3% to 6% to 9%) has been increasing, which makes it a bigger deal now......
in addition, the amount of the deduction is limited to 50% of the W-2 wages paid.....for many farmers, that is the item that keeps them from collecting fully on their individual farming operations...
http://www.calt.iastate.edu/briefs/CALT%20Legal%20Brief%20-%20Coope... | |
|
IRS change.. can't use net $$ from grain reciepts
