Recent content by madbeancounter1

I just got word through my boss that the mill that we have been using will probably be closed down by the end of the week. It seems that their mixer has broken and the owner doesn't want to spend the money to repair it. We are looking for feed suppliers along the Arkansas/Oklahoma border that...

Hey Y'all, It's been a while since I showed my face and I thought I'd better make a showing. Tax season is in full swing so my time will be even more at a premium. Update on the hand injury that happened in November. One finger has developed a bone infection. We have tried one round of high...

mhobak sorry... failed to mention that. The basis issue is a great point and I was actually thinking about it when I wrote those answers. For those of you exploring the S-corp and Partnership forms of business it is something you need to be aware of. Basis can take more than one form. ie...

Yep... got one client (LLC filing 1065) that pays everyone else on the payroll and he takes gauranteed payments. Our position has always been that they are subject to SE tax. CCH must agree because the ProFx doesn't give any leeway on where to enter the guaranteed payments and the K-1 shows...

msscamp... I'm in your corner. It always bugged me when the family would have a special party for every other birthday in the family. One year, a thursday evening, the folks tried to have a birthday party for me and in walks my aunt with a gift and says, "Now when the family gets together...

mitchwi - I agree with your evaluation ... I was looking at it from the standpoint that most of us have outside jobs. If all you have is the farm income then it may be that paying some SE tax is a good move. Then again you may have a goose that lays golden eggs and you have enough of an...

Update: Bandages are off one finger! Maybe another week before the next comes off. Stitches are out of the worst one... Doc needed a magnifying glass to find the knot on the last one... No feeling on the surface but sure don't want to bump it. Maybe after Christmas bandages will come off...

Something else. For any of you that want to set up LLC's. Check your States website. Here in Arkansas one can go online and set up an LLC in just a matter of minutes provided you have a credit card. There is a $45 charge for the service. If you choose to do this you will also need an...

Sorry Folks, I am quite a bit slower at typing since the accident so I have kind of stayed away from the keyboard since I keep hitting more than the key I intend with all these bandages on: and the good state of Oklahoma has seen fit to audit one of my clients for every known tax he files...

update: sleeping better ... now if i could just quit bumping my hand. We started individual bandaging. Haven't been able to find splint anywhere that is large enough to allow for the padding or of the 4-prong variety that the doc says will work best. 20 years ago i used to be able to find a...

got some new stuff last night. slept real good but i've felt kind of jumpy all day.

i saw doc yesterday and he said that for four days after the accident it looks pretty good... of the 3 fingers involved... 1 looks worse than it is and will probably heal up pretty good. another looks like its been skinned and will be a good long time healing. the third one doc says is too...

here's another tidbit we gleaned. find out if your area was declared a disaster area this last summer. i think that the usda website gives this info. i know for certain that ar, ks, mo, & ok were listed. in any case, if you have had to sell more livestock than you normally would have due to...

Attended our first tax update of the season yesterday up in joplin mo. Will try to get some of the new info out. We are going to another one next week and again on 12/5. Big topic for discussion is the Manufacturing deduction which farmers and ranchers are eligible to take as long as they pay...

memanpa... way to go :clap: takes guts. when i was a lot younger i used to attend a lot of tractor pulls. There was this one old boy that used to run in the modified classes. They told a story about him once. Seems that he had a pretty heavy smoking habit and his wife had bugged him for...