Ground Worth Keeping
At Mason & Morse Ranch Company, we spend a great deal of time working with farm and ranch families. A little-known tax provision is drawing new attention as farms, ranches and agricultural lands move from one generation to the next. IRC Section 180 itself is not new. It has been part of the Internal Revenue Code since 1960. Yet despite being available for decades, it remains unfamiliar to many farm and ranch owners, heirs and even experienced agricultural operators.