If he had enough money from the sale of his cattle operation to live on for the past 15 years and put that money in any type of bank, CD or what ever he has had reported income every year. Even if it didn't go over the amount that is exempt it still generates a W-2. Other than hiding the the money around the house they already know he has income and it is just a matter of time and luck on if and when he gets audited. Don't get me wrong I don't want to pay anymore in taxes than I have to but it is the law, even if we don't like it. Angle Iron
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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