Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
TAX BREAK FOR CATTLE
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Triple G01" data-source="post: 618067" data-attributes="member: 7926"><p>Hereford,</p><p></p><p>You've been most generous with your advice/recommendations. Many thanks. I have the tax lady at my local Farm Bureau prepare my taxes (I gather all of my documentation...W-2, deductions, farm income/expense, etc.) and leave the rest to her. I trust her to do the right thing, but she isn't a CPA or lawyer, so the burden (basically) would fall back on me. In the end, I want to exact a profit as soon as possible (with regards to our farming operation), but there is a time factor involved to do so. During that "growing" time, I believe it is my right and obligation to submit all expenses (and income). I don't intend for you to repeat yourself, but am I asking for trouble if a loss is recorded year after year (and is there any consideration by the government with respect to starting up)?</p></blockquote><p></p>
[QUOTE="Triple G01, post: 618067, member: 7926"] Hereford, You've been most generous with your advice/recommendations. Many thanks. I have the tax lady at my local Farm Bureau prepare my taxes (I gather all of my documentation...W-2, deductions, farm income/expense, etc.) and leave the rest to her. I trust her to do the right thing, but she isn't a CPA or lawyer, so the burden (basically) would fall back on me. In the end, I want to exact a profit as soon as possible (with regards to our farming operation), but there is a time factor involved to do so. During that "growing" time, I believe it is my right and obligation to submit all expenses (and income). I don't intend for you to repeat yourself, but am I asking for trouble if a loss is recorded year after year (and is there any consideration by the government with respect to starting up)? [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
TAX BREAK FOR CATTLE
Top