I think the kicker, and my accountant is looking into it, is, if you buy a used pickup from a private individual, you have to 1099 them and they will have to show it on their tax return as income. Wouldn't that be a kick to the rear if they would have to pay income tax for simply selling a used truck, or any piece of equipment, to a business instead of to an individual? Unintended consequences........
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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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