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Non-Cattle Specific Topics
Tips 'n Tricks
I could use some advice about calves/cattle
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<blockquote data-quote="M-5" data-source="post: 1480266" data-attributes="member: 23550"><p>I highly doubt they are not keeping some kind of records so they can file their taxes unless they are truly a hobby farm and do not claim any deductions of any kind. If they are as bad as you say you should not have any issue getting others on your side. I personally keep records and I would assume if I were involved in a case the records could be found at some point but it would require a warrant because Im not going to willingly just turn them over. a lot of people keep record in just a note book but these would have to be produced in the of an IRS audit if claiming farm expenses. Which leads me to believe that if they are trying to swindle you they are swindling the IRS and could be claiming these calves that die are bought and a legitimate write off. Farm born animals are not a eligible as loss .</p></blockquote><p></p>
[QUOTE="M-5, post: 1480266, member: 23550"] I highly doubt they are not keeping some kind of records so they can file their taxes unless they are truly a hobby farm and do not claim any deductions of any kind. If they are as bad as you say you should not have any issue getting others on your side. I personally keep records and I would assume if I were involved in a case the records could be found at some point but it would require a warrant because Im not going to willingly just turn them over. a lot of people keep record in just a note book but these would have to be produced in the of an IRS audit if claiming farm expenses. Which leads me to believe that if they are trying to swindle you they are swindling the IRS and could be claiming these calves that die are bought and a legitimate write off. Farm born animals are not a eligible as loss . [/QUOTE]
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I could use some advice about calves/cattle
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