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market-farming - RE: Farming Income Tax Preparation

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  • From: "Donna Fezler" <gcr AT rhealiving.com>
  • To: "'market farming'" <market-farming AT franklin.oit.unc.edu>
  • Subject: RE: Farming Income Tax Preparation
  • Date: Mon, 31 Jan 2000 09:22:18 -0600


Adriana,

We use turbo tax for our farm and part of it is incorporated for liability
reasons so we have two companies. No problem. We do them and have the
accountant look them over for accuracy to make sure we didn't miss
something.

Donna Fezler
GCR
Jacksonville, IL

http://www.rhealiving.com


-----Original Message-----
From: Wiediger, Alison [mailto:awiediger AT Hart.k12.ky.us]
Sent: Monday, January 31, 2000 8:49 AM
To: market farming
Subject: RE: Farming Income Tax Preparation


I have always done ours. If you understand depreciation, capital expense,
and/or are willing to do a little heavy reading, it isn't too bad. If math
give you a headache, you won't like it. To cut down on the charge if you
have a preparer do them, be sure you have all your records really well
organized - that takes the most time!

Alison Wiediger
Au Naturel Farm


> ----------
> From: Adriana Gutierrez & Dennis
> LaGatta[SMTP:gutierrez-lagatta AT home.com]
> Reply To: market farming
> Sent: Monday, January 31, 2000 9:04 AM
> To: market farming
> Subject: Farming Income Tax Preparation
>
> I'm just completing my first full year of market farming and am trying
> to decide whether to do my income taxes myself or "farm them out" :>).
> How many of you do your own and how many use a tax professional?
>
> I normally do our family income taxes myself using Turbo Tax with no
> difficulties. However if the farming rules are very complex or
> convoluted then it may be advisable to use a professional, at least for
> the first year to be sure the critical decisions are made correctly
> up-front. What's the consensus of the group?
>
> Adriana Gutierrez
> Green Cuisine
> Sarasota, Florida
>
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