A good farm tax accountant is worth their weight in gold, literally. For the grand total of $380.00 the nice lady at the CPA office in town takes my stack of cancelled checks and assorted and sundry receipts and produces a nice, professional looking federal, state, and county income tax return. That's schedules C, D, E, and F, all the suppliments, taxable bonds, tax exempt bonds, mutual funds, stock trades, real estate, the works. When the IRS wanted to look at my books a few years ago, she handled it. I met with them one time for 15 minutes, and at the end of two years of pouring over 4 years of tax returns I paid her an additional 1000 dollars and the IRS nothing. She is the most valuable business asset I have.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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