The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Paul is now part of the fourth generation in America that is involved in farming and hopes the next generation will be involved also. Through his blog he provides analysis and insight to farmer tax questions.
Revenue Procedure 2011-52 was recently released. This revenue procedure outlines most if not all of the inflation adjusted tax items such as the personal exemption amount, standard deduction, etc.. Of items of interest to farmers are as follows:
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