Article Title

IRS Gives On EIC


A major obstacle to claiming the earned income credit has been the IRS position that "disqualified income" for purposes of the earned income credit included Section 1231 gains. That IRS stance assured that gains from the sale of dairy and breeding animals, as two of the more prominent items, would preclude many farm taxpayers from being eligible for the earned income credit.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.