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<blockquote data-quote="Bernard" data-source="post: 19299" data-attributes="member: 144"><p>In a post (somewhere) on this site someone alluded to the distinction the IRS may make between someone with small acreage / few cattle (hobby) versus a larger enterprise which presumeably qualifies as a for-profit business. And, the implication was that tax issues were involved and that a consultant should be employed. Is this a legitimate concern for someone who has plans for an initial small startup? Is there a break point, baseline or formula that determines which is which? And finally, if I do need to "consult", are the tax issues basic or do I need to find someone who specializes in Agribusiness?</p><p></p><p>Long, complicated post, I know. Sorry.</p></blockquote><p></p>
[QUOTE="Bernard, post: 19299, member: 144"] In a post (somewhere) on this site someone alluded to the distinction the IRS may make between someone with small acreage / few cattle (hobby) versus a larger enterprise which presumeably qualifies as a for-profit business. And, the implication was that tax issues were involved and that a consultant should be employed. Is this a legitimate concern for someone who has plans for an initial small startup? Is there a break point, baseline or formula that determines which is which? And finally, if I do need to "consult", are the tax issues basic or do I need to find someone who specializes in Agribusiness? Long, complicated post, I know. Sorry. [/QUOTE]
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