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IRS Policy Worries Cattlemen
Dallas AP reports cattle feeders fear IRS proposed to disallow pre paid feed as a business deduction. If feed is paid in one year but used next year the deduction would be in 1971, not 1970, risking higher beef costs and tighter capital for Texas cattle production.
MENTIONED IN THIS ARTICLE
Dallas, Tex
Internal Revenue Service
IRS
Cattle Feeders Tax Committee
American National Cattlemen’s Association
National Livestock Tax Committee
National Office
Dallas
Western Beef Cattle Fund, Inc
Amarillo
H.C
Guymon
Okla
Treasury Department
House
Ways and Means Committee
Congress
Hitch
Charles §. Ball
Texas Cattle Feeders Association
Texas
Equity
Ball