Posted by Geo-TH,In on September 09, 2016 at 09:03:06 from (172.78.111.46):
In Reply to: Re: farm tax? posted by 4520bw on September 09, 2016 at 04:39:06:
4520bw, I think everyone that is in business SHOULD HAVE A CPA. Get the IRS after you, penalty and back interest alone is a killer.
I've used a CPA all my life and sleep well knowing he knows his business.
I have computer records on spreadsheet going back 20 years. I print out everything the way he wants it, show all the totals of expenditures and income, so it saves him time.
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Today's Featured Article - Recollections of a John Deere GP - by Charlie Cook. I grew up on my dad's 280 acre general farm in Western Michigan. Dad's only tractor when I was very young was the old GP. My first recollection of this tractor was when dad allowed my brother and myself to ride on the tractor with him driving. One of us would sit on the left fender (away from the clutch) and other would sit on the gas tank and hold onto the crankcase breather pipe.
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