Farm income tax tips and inventory hints for farmers
Tax tips cover counting CCC loans, using cash or accrual methods, deducting livestock costs, vehicle and farm expense deductions, depreciation, keeping detailed records, and withholding social security on wages. Also note reporting rules for capital gains, required forms, and long term record retention. Also a geologic note mentions USGS locates about 6 000 earthquakes yearly with magnitudes 2 to 8.