Close
Home » Articles »   By John Alan Cohan - Contributing Columnist
 
 
Friday, March 6,2009

LEGALLY speaking

by John Alan Cohan - Contributing Columnist
The farming, livestock and horse industries are facing challenges in hard economic times. These industries serve the economic lifeblood of millions of Americans, not only owners, but related industries and services as well. Casualties and setbacks from economic forces are recurring problems making it difficult to make a profit on a consistent basis.

Read more Read it in print
Friday, February 20,2009

LEGALLY speaking

by John Alan Cohan - Contributing Columnist
The IRS is focusing more on audits in the farming, livestock and horse industries in which taxpayers are claiming six figures or more in tax deductions. This often pertains to taxpayers who are employed full time in a profession and operate the farm or other activity on a parttime basis, often relying on managers and contract employees.

Read more Read it in print
Friday, January 9,2009

LEGALLY speaking

by John Alan Cohan - Contributing Columnist
Farmers, ran ch ers and horse owners can get significant tax deductions by making noncash charitable contributions of farm property to qualified doneessuch as agricultural schools or government programs.

Read more Read it in print
Friday, January 2,2009

LEGALLY speaking

by John Alan Cohan - Contributing Columnist
The Internal Revenue Service (IRS) raised a record of $48.7 billion in revenue in fiscal year 2006revenue generated from audits of individuals, small businesses and corporations. There are about 115,000 IRS employees. This translates into a significant net profit to the government.

Read more Read it in print
 
 
User Box (click to open)
 
SEARCH IN WLJ
Get WLJ In Your Inbox!
   
 
S M T W T F S
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17* 18* 19* 20*
21 22* 23 24* 25* 26* 27*
28* 29* 30
 
 

© Crow Publications - Any reprint of WLJ stories, except for personal use, without permission, written consent and appropriate attribution is prohibited. 2008 Crow Publications. All rights reserved.