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
Non-Cattle Specific Topics
Every Thing Else Board
Taxes
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="tom4018" data-source="post: 1306746" data-attributes="member: 55"><p>Something that will save you some money on tax preparation is to total up things. For instance go thru your receipts and total up feed, then fuel, parts and so forth. You can download the Schedule F and see the different expense categories to get an idea. We were at the tax place one time and heard someone one comment, "oh no, not another shoebox". Seems one guy came in with a shoebox or receipts and another with a big bag full, said they spent hours sorting thru it. It was a ongoing process learning what needs to be separated out but it saves use time and money on getting ours done. I just have a miscellaneous column for stuff I don't know where to put and they figure it out. Probably less than a hour to do ours, I have everything listed on spreadsheets, or you can just write your totals for different things down. </p><p></p><p>The deal at Rural King is just about state sales tax, nothing to do with the income tax. I am not sure about the dog food stuff, maybe if they were working stock dogs. I have never taken clothes off. I would not want to do anything to raise a red flag.</p><p></p><p>Ask around your area, has to be someone in the tax business. We use an independent business, not one of the chains. Takes a while to get in sometimes but they are knowledgeable and cheaper. One is was taking longer than I wanted to get in and asked another place their prices and they wanted as much to do a regular filing as this place got for everything. </p><p></p><p>Getting mine done Saturday, hope I survive it.</p></blockquote><p></p>
[QUOTE="tom4018, post: 1306746, member: 55"] Something that will save you some money on tax preparation is to total up things. For instance go thru your receipts and total up feed, then fuel, parts and so forth. You can download the Schedule F and see the different expense categories to get an idea. We were at the tax place one time and heard someone one comment, "oh no, not another shoebox". Seems one guy came in with a shoebox or receipts and another with a big bag full, said they spent hours sorting thru it. It was a ongoing process learning what needs to be separated out but it saves use time and money on getting ours done. I just have a miscellaneous column for stuff I don't know where to put and they figure it out. Probably less than a hour to do ours, I have everything listed on spreadsheets, or you can just write your totals for different things down. The deal at Rural King is just about state sales tax, nothing to do with the income tax. I am not sure about the dog food stuff, maybe if they were working stock dogs. I have never taken clothes off. I would not want to do anything to raise a red flag. Ask around your area, has to be someone in the tax business. We use an independent business, not one of the chains. Takes a while to get in sometimes but they are knowledgeable and cheaper. One is was taking longer than I wanted to get in and asked another place their prices and they wanted as much to do a regular filing as this place got for everything. Getting mine done Saturday, hope I survive it. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Every Thing Else Board
Taxes
Top