Articles tagged under: IRS
Support for Cash Accounting
Published September 19, 2019
An IRS decision could prevent some farms from using cash accounting. A coalition of commodity groups, the National Council of Cooperatives and Farm Bureau wants Congress to intervene. Since 2017, the IRS said a farm or ranch, set up as…IRS Waives Tax Filing Deadline for Farmers and Ranchers
Published March 1, 2019
The Internal Revenue Service issued final regulations implementing sections of the Tax Cuts and Jobs Act related to farm income on February 8. As a result, the IRS has extended the deadline for qualifying farmers and ranchers to file taxes…