Thanks for your input. I do know if we bought any equipment on a shares basis, our tax man would have a fit and bring up the "partnership" issue. We purchase cattle on a shared basis and he said the IRS would view this as a partnership and we need to set up as a partnership instead of each paying 1/3 individually. I don't understand what difference it makes - we still report and pay taxes on profits, just individually. We have personal insight in the corporation department. My folks incorporated years ago and are now trying to retire. What a mess - the corporation has a lot of money that cannot be accessed without huge tax issues, while my parents personally have no money.
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Today's Featured Article - Restoration Story: 1964 JD 2010 Dsl - Part 2 - by Jim Nielsen. Despite having to disassemble the majority of my John Deere 2010's diesel engine, I was still hopeful I could leave the engine-complete with crankshaft and camshaft-in the tractor. This would make the whole engine rebuild job much easier-and much less expensive! I soon found however, that the #4 conrod bearing had disintegrated, taking with it chunks of the crankshaft journal. As a resul
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