Tax advantages in the ag world

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Tax advantages in the ag world Moderators: luluwhit, gotothewhip, cindyt, crossspur, ForumAdmin Jump to page :	Last activity 2016-08-02 12:54 AM 4 replies, 2690 views View previous thread :: View next thread
General Discussion -> Barrel Talk


stef73433 Reg. Jun 2005	Posted 2016-07-31 7:18 PM Subject: Tax advantages in the ag world
Doggy Diaper Designer Posts: 2322 Location: WI	I have horses, acreage, wooded land, I have done some buying and selling in the past and I occasionally do leather work that I seek a little of here and there. What options do I have tax wise? I hear so much about writing off this and that. How?! Set up as what? Educate me please
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Chandler's Mom Reg. Jan 2015	Posted 2016-07-31 8:16 PM Subject: RE: Tax advantages in the ag world
My Heart Be Happy Posts: 9159 Location: Arkansas	Do you do your own taxes or have them professionally prepared?
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Runaway Reg. Jan 2008	Posted 2016-08-01 2:12 PM Subject: RE: Tax advantages in the ag world
Sorry I don't have any advice Posts: 1975 Location: Sunnyland Florida	I think the best person to educate you would be a CPA. You may be able to get a free consultation with a local CPA to explain what you can legally claim for a business, write-offs, etc. Each person's tax situations are going to be very different, so it's really best to stick with a professional for advice.
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stef73433 Reg. Jun 2005	Posted 2016-08-01 3:03 PM Subject: RE: Tax advantages in the ag world
Doggy Diaper Designer Posts: 2322 Location: WI	I don't currently have a CPA, but I am consulting with one soon
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Chandler's Mom Reg. Jan 2015	Posted 2016-08-02 12:54 AM Subject: RE: Tax advantages in the ag world
My Heart Be Happy Posts: 9159 Location: Arkansas	That's what I was getting at; a tax pro can help once they know more about your situation. And I definitely think it's worth it!
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