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Re: Taxes and Tractors
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Posted by Tom T. on March 07, 2002 at 04:48:04 from (64.133.97.147):
In Reply to: Taxes and Tractors posted by Alabama on March 06, 2002 at 09:34:32:
The post below about making money 3 out of 5 years is not correct. I had gross receipts of $170,000 last year and did not show a profit and have not for 7 years. You have to understand that it is a shell game that you are playing with the Govt. but you have to play by their rules. They provide plenty of ways to help yourself though if you have a competent CPA. One of the keys is as mentioned in an earlier post, the dreaded bookkeeping of every thing. I actually have managed to survive for the past 7 years and plan on continuing to survive.
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Memories of an IH Super A When I was ? up to 10, I worked on my Papaw's farm in Greeneville, TN every summer. As I grew older (7), it was the thrill of my day to ride or drive on the tractor. My Papaw had a 1954 IH Super A that he bought to replace a Cub. My Papaw raised "baccer" (tobacco) and corn with the Super A, but the fondest memory was of the sawmill. He owned a small sawmill for sawing "baccer" sticks. The Super A was the powerplant. When I was old enough (7 or 8), I would get up early and be dressed to
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