I gotta throw this one out. A buddy has a truck repair shop. He routinely would replace a starter or generator or tranny. then have the old one rebuilt and stick it in a cubby area over the shop. Over a few years, it became a spare parts repository for a good bit of stuff.
Enter the revenuer. "You gotta inventory everything, and pay an inventory tax on it every year." Nope. "Either you do, or I'll come back with the police". Bring 'em on....
About a month later, here comes this fool- I'm sorry, Government Man- and two of the biggest State Troopers he could round up. Buddy pointed to a ladder, and said, 'Have at it'. About fifteen minutes up in that attic area, in the middle of July, the G-man came down and asked for a fan. 'Don't have one, go get your inventory done...' About five more minutes passed, and the G-man reappears. "Would you think there is $100,000 worth of parts up there?" Nope- go finish your inventory... Another five miutes, and "Would you settle for $50,000?" Nope- go do your work... About five more minutes, and all three appeared, looking like well done lobsters. They offered $10,000, and my bud then suggested $100. He paid his inventory tax and hasn't been reassessed since.....
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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