Add to ORKGRapidly rising farmland values in recent years1 have brought an intense focus to the allocation of the purchase price in the event of a sale or taxable exchange as among the land itself, tile lines, fences and other improvements. It is clear that an appropriate allocation can (and should) be made to the depreciable (and non-depreciable) components of the transaction, based on relative fair market values.
Although enactment of the 50 percent bonus depreciation provision in 2003 was overshadowed by the dr...
A 1998 Tax Court case has focused attention once again on the income tax consequences of mortgage fo...
In a previous issue, we covered “Discharge of Indebtedness-- A Source of Surprises: Part I.” In this...
Traditionally, a substantial amount of farm property is transferred within the family. A major issue...
The enactment of depreciation rules for “listed property” in 1984 marked a new era in recovering inv...
The rapid run-up in farm and ranch land values1 in recent years with real estate values reaching rec...
The rapidly escalating values of farmland1 (and some ranchland) in recent years has raised the quest...
Historically, expenditures to improve the productivity of soil have been viewed as capital in nature...
Funding the marital and non-marital shares in a farm or ranch estate is always an important decision...
For many producers, net farm income for 1998 is expected to be higher than 1999. Despite low prices ...
For farmers who have had a good income year, autumn brings more than harvest; it is often accompanie...
One of the important objectives in the incorporation of a farm or ranch business is to accomplish a ...
Farm consolidation and shifts in livestock production patterns have generated intense interest in th...
Differences between taxpayers and the Internal Revenue Service over the deductibility of fertilizer,...
At the time of enactment of special use valuation in 1976,1 no mention was made of the possibility o...
Although enactment of the 50 percent bonus depreciation provision in 2003 was overshadowed by the dr...
A 1998 Tax Court case has focused attention once again on the income tax consequences of mortgage fo...
In a previous issue, we covered “Discharge of Indebtedness-- A Source of Surprises: Part I.” In this...
Traditionally, a substantial amount of farm property is transferred within the family. A major issue...
The enactment of depreciation rules for “listed property” in 1984 marked a new era in recovering inv...
The rapid run-up in farm and ranch land values1 in recent years with real estate values reaching rec...
The rapidly escalating values of farmland1 (and some ranchland) in recent years has raised the quest...
Historically, expenditures to improve the productivity of soil have been viewed as capital in nature...
Funding the marital and non-marital shares in a farm or ranch estate is always an important decision...
For many producers, net farm income for 1998 is expected to be higher than 1999. Despite low prices ...
For farmers who have had a good income year, autumn brings more than harvest; it is often accompanie...
One of the important objectives in the incorporation of a farm or ranch business is to accomplish a ...
Farm consolidation and shifts in livestock production patterns have generated intense interest in th...
Differences between taxpayers and the Internal Revenue Service over the deductibility of fertilizer,...
At the time of enactment of special use valuation in 1976,1 no mention was made of the possibility o...
Although enactment of the 50 percent bonus depreciation provision in 2003 was overshadowed by the dr...
A 1998 Tax Court case has focused attention once again on the income tax consequences of mortgage fo...
In a previous issue, we covered “Discharge of Indebtedness-- A Source of Surprises: Part I.” In this...