John, I disagree. The Feds do not classify prize money,trophys or ribbons as compensation. Read the intreprentation section of the regs.They state And I Quote;Guidence:The exemption would apply to this kind of transportation provided(1)the underlying activities are not undertaken for profit ie (a)prize money is declared as ordinary income for tax purposes (b)The cost of the underlying activities is not deducted as a business expense for tax purposes and where revelant(2)corporate sponsorship is not involved. I carry a copy of this in my truck at all times and if I need it I will use it. If they don't like it, we will have our day in court.Since when is it against the law to have a hobby.Pulling a load of horses, a boat or a camper is a hobby. My tractors are a hobby and I enjoy them.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
... [Read Article]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.