60 and Over

I Had To Tell My Tax Accountant....
Corey Edwards See my TER Reviews 6924 reads
posted

that I was a elite chicken farmer in order to file my taxes this year.  He wanted to know what a elite chicken farmer was  ?  I said I raised a 1000 little peckers last year.....!!!

 (wink)

Corey Edwards, Atlanta,   Land of Milk and Honey

Dear Corey:
What inquiring mind really want to know was what was his reaction? Also did he try to semantically change the title of your occupation so it would be legally acceptable?

oldchiguy2339 reads

Posted By: Corey Edwards
that I was a elite chicken farmer in order to file my taxes this year.  He wanted to know what a elite chicken farmer was  ?  I said I raised a 1000 little peckers last year.....!!!

 (wink)

Corey Edwards, Atlanta,   Land of Milk and Honey

You can deduct hobby expenses up to the amount of your hobby income. Expenses that are more than the income you made from your hobby are nondeductible personal losses.

And that is real.

OldCountryBoy4358 reads

The IRS are the wrong people to try to screw.  forget trying to sabe a gew dollars on your taxes.

http://www.wsoctv.com/news/news/man-pleads-guilty-to-tax-evasion-involving-company/nG4dr/

Posted By: Roadshow2
You can deduct hobby expenses up to the amount of your hobby income. Expenses that are more than the income you made from your hobby are nondeductible personal losses.

And that is real.

sensualsixty5329 reads

Last year I had a delightful encounter (not reviewed) with a woman who was preparing for her CPA exams.  If she has been successful I can see the possibility a developing a big client base with SP's.  What a business opportunity!!!

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