farm assets

farm assets

All the assets of a ranch or farm,including the residence,outbuildings,barns,irrigation systems,trees,and fencing. Farm assets receive special treatment under the Internal Revenue Code if there is sale, exchange, or lease. Farmers are also exempt from the requirements to pay quarterly estimated taxes.(See Publication 225,“Farmer's Tax Guide”at the IRS Web site,www.irs.gov.)

References in periodicals archive ?
The change also applies to selfinvested personal pensions, which allow the pension holder to invest in a range of assets, including farm assets like land and buildings.
These forward-looking statements are based on information currently available to Juhl Energy and are subject to a number of risks, uncertainties and other factors that could cause Juhl Energy's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to any specific projects, prospective acquisitions and wind farm assets mentioned herein.
Time may lead to incorrect assumptions being made regarding the ownership of farm assets.
This Acquisition Brings JUHL ' s Total Owned and Operated Wind Farm Assets to Over $30 Million
Farmbot - provides real time monitoring of stock water and other farm assets using a unique long range wireless technology.
Farmland represents 82 percent of total farm assets.
There has also been significant investment in the new land, including the clearing of plots, the purchase of farm assets, the digging of wells and the building of homes.
Agricultural market reform started in December 1991 when the government began a divestiture of public farm assets, including buildings, equipment, and farmland.
Matthew Flint, director, said: "We will spend millions of pounds on farm assets, go into partnership with the farm and provide them with an income thereafter.
Under Chapter 12, farmer debtors may treat certain claims owed to the government resulting from the disposition of farm assets as dischargeable, unsecured liabilities (11 U.
However, he noted, that because farm assets and business assets represent a relatively small share of total taxable estate value, "repeal or modification of the estate tax would benefit more estates with a variety of different asset types.
Farm assets were the second most common type of asset within the FLPs of male donors.
Full browser ?