Congress went on the Thanksgiving recess without an agreement on extending expired tax provisions. American Farm Bureau Federation tax advisor Pat Wolff says there are 50 tax provisions that expired at the end of last year that have not been addressed.
There are two that are very important for farmers and ranchers; Section 179 small business expensing and bonus depreciation.
Listen to the AFBF Newsline report here.
Important tax provisions for agriculture
11/30/2015 10:37:00 AM