Missed a spot!

[illegal avian]

on Form 1040
Business Expense & Deductions:
Chicken Coops / Chickens / Fine Dining & Travel (Executive Planning w/DS) / Internet Access (Educational Expense/ BackYard Chickens/ Trade Magazines) - etc...

The government is here to help! (especially the average citizen)
Go to IRS.GOV and check out starting a business and all the expenses you can write off.

Put up a sign "Eggs for Sale" ... if you have all roosters no problem get govt. loan to expand. You are in business.
The problem then becomes you might save so much money on your taxes you won't need to raise chickens!

In that case see IRS Publication "Hobbies"
But to pull that one off it would depend on "what your definition of "is" is." But hey, who knows? even that might work.

Our government just keeps getting better and better, even when you think it just can't get any better! darn I love Republicans and Democrats!

 

[kokonut]

"The ultimate authority ... resides in the people alone."

— James Madison, author of the Bill of Rights, in Federalist Paper No. 46.



Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take, but as for me, give me liberty or give me death!"

— Patrick Henry, in his famous "The War Inevitable" speech, March, 1775.



"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds."

— Samuel Adams

 

[chickerdoodle]

I wish I could deduct all of my pets expenses--they probably add up to more than some children.

 

[suzettex5]

Quote:
At the risk of sounding naive, is that for real? Can we really write off chicken expenses, if we have a roo? What if we just post egg/chicken sales on CL? Forgive me if I'm being stoopid- That would be soo cool! I so want tp call my CPA and ask him why he hasnt mentioned this!

Aaaaand if this was a joke- feel free to have a laugh on me for believing it- I'm always buying into silly stuff, I once bought a gold bridge in San Fransisco......lol

 

[sune42]

Quote:
At the risk of sounding naive, is that for real? Can we really write off chicken expenses, if we have a roo? What if we just post egg/chicken sales on CL? Forgive me if I'm being stoopid- That would be soo cool! I so want tp call my CPA and ask him why he hasnt mentioned this!

Aaaaand if this was a joke- feel free to have a laugh on me for believing it- I'm always buying into silly stuff, I once bought a gold bridge in San Fransisco......lol

If you start a business you could write off expenses. You have to file a schedule C form, you have to have a biz license with your state and in my case, the city. A lot of cities have rules on foot traffic in residential areas. You have to do inventory on chicken feed, scratch and anything else you buy for them. Not just saying one bottle of something. You have to say 8oz of x product at x dollars an oz equals x amount in inventory. I also believe there is only so many years your biz can file as a loss as well, but I am not sure. It's been a while since I had my own biz. Stuff you buy online should be reported so you can pay taxes on it. If you have something that goes down in value you have to figure the rate of loss every year so you can put what equipment you have. Your CPA will charge you more because you are a business instead of a person.

Bottom line? It's not really that easy. You are not going to save that much in taxes. I also really doubt the gov will give you a loan for a small time chicken farm. I do know for a fact that the government does not give small business grants.