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farm assets |
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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.) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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