AgTalk Home
AgTalk Home
Search Forums | Classifieds (74) | Skins | Language
You are logged in as a guest. ( logon | register )

Paying taxes vs keeping the banker happy
View previous thread :: View next thread
   Forums List -> AgTalk CafeMessage format
 
sri
Posted 12/24/2012 17:01 (#2773536 - in reply to #2773160)
Subject: RE: Paying taxes vs keeping the banker happy


nw pa

Might be easier with the two girl friends.

  As others said I think you need someone familiar with farming. I would sell what you need to at least balance the books. Buy a call as suggested if you want ownership.. Take as little depreciation as possible for the year but try to have enough for your home run year or delay purchase till you hit the home run.  The more you carry ahead the worse it gets in the following years.A good farm accountant will realize along with the banker a well run farm with outside income hopes to break even.  Now if you have no other income you better have some profits somewhere.
  good luck

Top of the page Bottom of the page


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

(Delete cookies)