- Jul 30, 2010
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you been calling names
Did Taxes Saturday,Declared Farm,got 3800.00 back!!!!
- Thread starter gmendoza
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Quote:
I was not referencing the 1/3 acre as much as I was the number of birds. A farm should be determined by the income that it generates...not by the amount of ground it contains. Altho honestly in my book neither 1/3 of an acre or 5.42 acres is a farm. I can't imagine with the number of birds she has that $3800 was even spent on their upkeep for a year, but it allowed her that much more money for a refund? Something about that just doesn't smell right to me and seems like the kind of thing that sends up a red flag to the IRS.
I also delcared that I make chicken coops,and runs.That was the majority of money.We declared farm of: Poultry and poultry ITEMS.
Runs and coops that you use or sell? Any farm improvements such as buildings or new fences that we build go on a farm depreciation schedule. If it's coops and runs that you sell the income you made from them should have actually made any refund from your other job go down, not up.
I was not referencing the 1/3 acre as much as I was the number of birds. A farm should be determined by the income that it generates...not by the amount of ground it contains. Altho honestly in my book neither 1/3 of an acre or 5.42 acres is a farm. I can't imagine with the number of birds she has that $3800 was even spent on their upkeep for a year, but it allowed her that much more money for a refund? Something about that just doesn't smell right to me and seems like the kind of thing that sends up a red flag to the IRS.
I also delcared that I make chicken coops,and runs.That was the majority of money.We declared farm of: Poultry and poultry ITEMS.
Runs and coops that you use or sell? Any farm improvements such as buildings or new fences that we build go on a farm depreciation schedule. If it's coops and runs that you sell the income you made from them should have actually made any refund from your other job go down, not up.
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Huh?....where did I call anyone a name?
Huh?....where did I call anyone a name?
- Jul 30, 2010
- 121
- 1
- 88
im sorry your right im wrong and im done have a good day
- Thread starter
- #45
My other job? That was my job for 8 months last year since I was unemployed.You are asking too many personal questions on here that I wont answer in public.pm me.
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The only thing that bothers me is that you're bragging about your tax return. Publicly. Pretty tacky in my opinion.
Whether or not you cheated the IRS is beside the point.
The only thing that bothers me is that you're bragging about your tax return. Publicly. Pretty tacky in my opinion.
Whether or not you cheated the IRS is beside the point.
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- Thread starter
- #48
Quote:
The only thing that bothers me is that you're bragging about your tax return. Publicly. Pretty tacky in my opinion.
Braggin? I was just happy. Maybe Ill just leave this forum for good.
The only thing that bothers me is that you're bragging about your tax return. Publicly. Pretty tacky in my opinion.
Braggin? I was just happy. Maybe Ill just leave this forum for good.
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I haven't asked anything personal, nor do I want to know what your other job is or isn't. I only asked about the coops and runs that you referred to since what they're built or used for would make a difference in how those expenses were reported. Using them yourself would be one use but if you're selling them would be another and should be reflected on how they're reported to the IRS.
I haven't asked anything personal, nor do I want to know what your other job is or isn't. I only asked about the coops and runs that you referred to since what they're built or used for would make a difference in how those expenses were reported. Using them yourself would be one use but if you're selling them would be another and should be reflected on how they're reported to the IRS.
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I do have a Ledger with all my stuff. I said this on my post.
A ledger won't meet the requirements of the IRS, you have to have receipts for each expense you claim. PLUS in 2011 you will have to send 1099s to the venders with whom you do more than $600 in transactions with.
Good luk with your operation.
Jim
I do have a Ledger with all my stuff. I said this on my post.
A ledger won't meet the requirements of the IRS, you have to have receipts for each expense you claim. PLUS in 2011 you will have to send 1099s to the venders with whom you do more than $600 in transactions with.
Good luk with your operation.
Jim
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