Posted by LAA on February 05, 2014 at 04:40:55 from (86.51.147.113):
In Reply to: Re: tax refund posted by Eldon (WA) on February 04, 2014 at 22:43:56:
You originally stated a Farmer should owe no tax due to the depreciation schedule, what about the living wage he has to take out of his profits to support his family? What about any money to set aside for retirement? If all profits go to depreciable purchases what is the point? If a person is earning enough to support himself and his family he cannot avoid all tax no matter how good his accountant is.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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