Accounting Options and Limits for Farming and Ranching Entities Harl, Neil
dc.contributor.department Iowa State University Digital Repository 2018-02-19T06:35:43.000 2020-06-29T22:57:40Z 2020-06-29T22:57:40Z 2017-12-19 2014-10-17
dc.description.abstract <p>Recent discussions in Congressional Committees to limit or prohibit cash accounting in farm and ranch operations has generated considerable discussion.1 On March 12, 2013, the Committee on Ways and Means of the United States House of Representatives issued a discussion draft of suggested ways to reform accounting practices used by small businesses.2 Section 212 of the discussion draft suggested eliminating the use of cash accounting for farmers with gross receipts of more than $10,000,000 which would affect farming and ranching operations structured as partnerships (including LLCs and LLPs) and S corporations as well as sole proprietorships. Section 213 of the discussion draft would change some of the requirements for the use of accrual accounting by C corporations, increasing the number of family corporations that would be required to use accrual accounting.</p>
dc.identifier archive/
dc.identifier.articleid 2247
dc.identifier.contextkey 11275397
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol25/iss20/1
dc.source.bitstream archive/|||Fri Jan 14 17:51:10 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Accounting Options and Limits for Farming and Ranching Entities
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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