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Finanse publiczne · 15/12/2010

US Issues Final Regulations on Farm and Fishing Income Averaging

The IRS has released final regulations allowing farmers and fishermen to average their income over three years to reduce their tax liability, as mandated by the American Jobs Creation Act of 2004 and the Tax Extenders and Alternative Minimum Tax Relief Act of 2008.

Source: Federal Register — Department of the TreasuryOpen original release →