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Daily Archives: November 8, 2018

Here’s how tax reform affects farmers and ranchers

Business, IRS NewsBy Lourdes PosadasNovember 8, 2018

Many farmers and ranchers will benefit from tax law changes brought about by last year’s Tax Cuts and Jobs Act. Here are some of those changes along with details about how they will affect farmers and their bottom line: Net Operating Losses: These can now be carried forward indefinitely. Under prior law, they could only…

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