Understanding IRC § 180 & Farming

Many farmers and ranchers currently own or are contemplating acquiring land that could significantly benefit from tax deductions, though long present in the Internal Revenue Code, that are not widely understood or used by American farmers and ranchers. The cash resulting from the use of these benefits not only returns cash to a landowner's pocket, but they also can provide additional working capital, extra buying power needed to buy more farm and ranch land, more funds for purchasing new equipment, upgrading farm and ranch infrastructure, or adding to a livestock herd.

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