Imputing Activities From Agent To Property Owner As Principal
Imputing Activities From Agent To Property Owner As Principal
Date
1999-06-18
Authors
Harl, Neil
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Iowa State University Digital Repository
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Iowa State University Digital Repository
Abstract
In recent years, few issues have been more perplexing in farm estate and business planning than the circumstances under which activities of an agent, such as a farm manager, are imputed to the property owner as principal. Enactment of 15-year installment payment of federal estate tax and special use valuation in 1976 and the family owned business exclusion in 19974 (which was converted from an exclusion to a deduction in 1998) have added to the urgency of the problem.