5/27/2023 0 Comments The hobby farm![]() I also liked the relationship between Shirley and the church caretaker, Norma, who is built, as Jim Croce once sang, "Like a 'frigerator with a head." I'm hoping these two will team up to solve another mystery soon.Īs she reached the critical scene of her encounter with this Kirby York guy in Norma’s bedroom, he interrupted. I enjoyed the antics with Shirley and her rescued mini horse, Pearl, who's now living in Shirley's bedroom. We all know old ladies living alone are magnets for dead bodies, but so many are turning up on Shirley's property, she's thinking of turning her place into a cemetery.Ĭohen gets it right - an intriguing murder (or two), an engaging heroine, and a few well-placed doses of humor are exactly what you need for a fun cozy mystery. Mom's gonna freeze.) Shirley does what she can to turn the place into a home, and soon it seems like she might even enjoy living there. Readers in Nebraska can receive referrals from the State Bar Association by calling 1-80.When Shirley Steele buys a run-down small farm in Minnesota, she's hoping to see more of her son and his elusive wife, but it seems he's always too busy to come by, and implement the repairs he promised to the home and property - like installing a furnace, for one. In Colorado, call the Metropolitan Lawyer Referral Service at (303) 831-8000. In Wyoming, the State Bar can refer you to competent lawyers in your community by calling (307) 634-7823. You should address specific legal questions to your family lawyer. It is not the intent of this column, its author, publisher or the Fence Post to provide legal advice to any person. The information provided in this column is based upon general principles of law and should not be relied upon in any manner. You can download a copy of this publication from their Web site at. The Farmer’s Tax Guide, Publication Number 225, should be in every farmer or rancher’s library. Also, the IRS has a great information source. I have an accountant and I do as he says. Work with this tax professional and ensure you are on the right course. How do you know whether the IRS will consider your operation a business being conducted for a profit or a hobby? The safest route is to find an accountant well versed in farming and its unique tax implications. Is the motive for carrying on the business: personal pleasure or profit? The more that personal pleasure is the driving force, the more the farm looks like a hobby. What is your overall financial status? Do you have substantial incomes from non-agricultural enterprises? The larger your non-farm income, the more the farm looks like a hobby to the IRS.ĩ. The amount of profits that are earned is a consideration.Ĩ. What is the overall history of profit and loss in the operation?ħ. What is your past experience in business? Do you have a record of making unprofitable enterprises profitable?Ħ. Do you have a reasonable expectation that your assets will appreciate in value?ĥ. How much time do you put into the operation? The more substantial your investment in time and labor, the more likely you are operating a business.Ĥ. What is your expertise or that of your advisors in the endeavor?ģ. How do you conduct your operations? Do you keep records and make plans like other businesses do? Do you constantly seek to increase profitability and abandon strategies that are losing you money?Ģ. The IRS regulations look at nine factors in deciding the hobby or business question.
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