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Thu, 4 Mar 2004 09:53:59 -0500 |
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Well...in 'another life' I happened to be a CPA, so know a thing or two
about taxes. Enough, anyway, to know that one cannot give advice casually
in a forum such as this.
That said, those fortunate enough to have income from beekeeping need to
recognize that beekeeping is a Farming Operation as far as the tax people
are concerned. The Farm rules apply. If one has more than a piddling
amount of gross sales from beekeeping (say, $5,000 or over) do not try to do
your taxes without help. You will be penny wise and pound foolish. Also,
do not use Intuit, Tax Cut, etc. Go to someone in your area who does tax
returns for farmers. It will not cost you much, and will save you mega
amounts.
Good luck
Lloyd
Lloyd Spear, Owner Ross Rounds, Inc.
Manufacturers of Ross Rounds Comb
Honey Equipment, Sundance Pollen Traps
and Custom Printer of Sundance Labels.
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-- Visit www.honeybeeworld.com/BEE-L for rules, FAQ and other info ---
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