The American Institute of CPAs scored a victory this week in convincing House lawmakers to remove a provision in the Farm Bill Extension Act of 2007 that it feared could jeopardize the business of CPAs in farming communities.
The original provision would have allowed the Farm Credit System to offer accounting, tax and other financial services in addition to the usual loans. The FCS is a nationwide financial cooperative created by Congress in 1916 to provide farmers with a dependable source of credit.
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