Journal Issue:
Agricultural Law Digest: Volume 9, Issue 1
Agricultural Law Digest: Volume 9, Issue 1
No Thumbnail Available
Volume
Number
Issue Date
Journal Title
Journal ISSN
Journal Volume
Journal Volume
Articles
Publication
Cases, Regulations and Statutes
(
1998-01-16)
Publication
Corporate Limitations on Prepaid Inputs
(
1998-01-16)
For more than four decades the Internal Revenue Service has tried to limit the amount of fertilizer, chemicals, feed, seed and other inputs that farmers could pay for and deduct in the year before the inputs are actually used or consumed. Early litigation involved mostly tax shelter operations but more recent cases challenged deductions claimed by bona fide farmers.