Viewing a thread - In crop talk there is thread on paying year end bills, and tax effects thereof.........

Forums | Classifieds (53) | Skins | Language

You are logged in as a guest. ( logon | register )

In crop talk there is thread on paying year end bills, and tax effects thereof.........	View previous thread :: View next thread
Forums List -> AgTalk Cafe	Message format

jakescia

Posted 1/2/2019 22:08 (#7216247 - in reply to #7215863)
Subject: RE: In crop talk there is thread on paying year end bills, and tax effects thereof.........

Oskaloosa, Iowa 52577

Assuming inventory-type cattle, ie fat cattle, and assuming no restrictions by buyer or in sales agreement, then the sales are properly shown as income when received.

Cash basis requires income to recognized when received, and deduction taken when payment is made......not when it is “convenient”

In crop talk there is thread on paying year end bills, and tax effects thereof......... - jakescia : 1/2/2019 12:44
- nt - FarmGuy97 : 1/2/2019 14:37
- RE: Thank you! - Blusteryknollfarm : 1/2/2019 14:39
  - RE: Thank you! - DC swIL : 1/3/2019 08:08
- RE: In crop talk there is thread on paying year end bills, and tax effects thereof......... - Jersey Jim : 1/2/2019 15:15
  - RE: In crop talk there is thread on paying year end bills, and tax effects thereof......... - datyerdog? : 1/2/2019 19:55
- RE: In crop talk there is thread on paying year end bills, and tax effects thereof......... - Funacres : 1/2/2019 20:03
  - RE: In crop talk there is thread on paying year end bills, and tax effects thereof......... - Big Ben : 1/2/2019 21:45
  - RE: In crop talk there is thread on paying year end bills, and tax effects thereof......... - jakescia : 1/2/2019 22:08
    - RE: In crop talk there is thread on paying year end bills, and tax effects thereof......... - Mntaxedtodeath : 1/3/2019 03:04
      - Installment reporting by farmers. - jakescia : 1/3/2019 15:40
    - RE: In crop talk there is thread on paying year end bills, and tax effects thereof......... - Funacres : 1/3/2019 12:49
- RE: In crop talk there is thread on paying year end bills, and tax effects thereof......... - GM Guy : 1/3/2019 19:47
  - Both items are addressed in the opening post. - jakescia : 1/3/2019 20:23

Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)