jakescia - 12/19/2014 17:09

Not the first time such as happened...... believe the story.

Farmer was wrong on two points....

.... first he did not have a story for the loss of the chickens, or did not charge back to himself a reasonable amount for using business deductions for personal purposes.....

...and second he apparently handled the audit himself, or at least was in attendance.  I would never have let him (or any other client) within 500 feet of the IRS auditor.

That story highlights the reason farmers......the typical farmer/maybe one employee operation.........are foolish for claiming 100% of their pickups as business assets, and depreciating 100%.

100% requires the keeping of a mileage log.