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Fed Up - Going Direct - Freezer Beef
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<blockquote data-quote="Angus Cowman" data-source="post: 613105" data-attributes="member: 8829"><p>if you are selling beef off of your farm you don't have to collect sales tax you do have to claim it as income where this gets sticky is if you pay for the processing and sell a finished product then you have to </p><p>ex I sell a 1200lb beef for $1.20pr lb live weight I sell 1/2 to 1 person and 1/2 to another I haul it to the processor and they pay me, then when they pick up the beef they pay the proccessing this is the same as me selling you a cow or taking them to the sale barn because I am selling a live beef not a packaged one the tax come into play when you sell a finished product </p><p></p><p>Talk to a good farm accountant they can give you this same info</p></blockquote><p></p>
[QUOTE="Angus Cowman, post: 613105, member: 8829"] if you are selling beef off of your farm you don't have to collect sales tax you do have to claim it as income where this gets sticky is if you pay for the processing and sell a finished product then you have to ex I sell a 1200lb beef for $1.20pr lb live weight I sell 1/2 to 1 person and 1/2 to another I haul it to the processor and they pay me, then when they pick up the beef they pay the proccessing this is the same as me selling you a cow or taking them to the sale barn because I am selling a live beef not a packaged one the tax come into play when you sell a finished product Talk to a good farm accountant they can give you this same info [/QUOTE]
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Fed Up - Going Direct - Freezer Beef
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