[AT] was battery disconnect source needed, farm income.

[Cecil Bearden]

I just finished getting 3 years of back taxes done.  I have been behind, 
and when you get that far behind, You just get behinder and behinder. 
My tax lady used to work for the IRS, she said they are really taking a 
close look at farms right now.   Probably because the rich and affluent 
are hiding a lot of income there...   I had to cut back on a lot of 
expenses that were farm related, but just not included to not have such 
a loss...  It has taken me about 20 years to learn that we never made a 
profit on the farm.  Here in OK, you have to be in cattle and have some 
oil or gas income to make it pay..  I raise sheep and hat.  This is 
cattle country and there is so much hay around here this year, you have 
trouble giving it away.

Situation Normal All Fouled Up--SNAFU

Cecil in oKla

Roy Morgan wrote:
> On Oct 27, 2008, at 5:26 PM, Cecil Bearden wrote:
> 
>> Dependability and tax issues...
>>
>> IRS seems to not have any idea how much money is needed to be put into
>> equipment these days.  They think you have to make a profit every 3
>> years...  HA!!!
> 
> I thought it was every 5 years.  I wonder if some needed years, you  
> could just simply not remember all those expenses that would offset  
> the meager income and eke out a bit of a profit.  Creative book  
> keeping is an Uh Murrican tradition.
> 
> In any case, It will be time soon for me to learn the real and  
> practical rules on this.
> 
> Roy
> 
> Roy Morgan
> k1lky at earthlink.net
> 529 Cobb St.
> Groton NY, 13073
> 
> 
> 
> 
> 
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