I currently have minor tax problem. I bought a tree farm. one reason i bought this property is it has low property taxes because....it's a tree FARM. I'm a farmer! Ag exemption.
I have ZERO income from the farm and ZERO expenses. I know i could make up a bunch of phony expenses but, i don't have any income to speak of so why mess with expenses?
The state is requiring me to send them a copy of last year's returns, by the end of march, with a "1040 F" form. Looks like a P$L stmt to me. Turns out, i didn't file that 1040 F form last year....turbo tax. My fault! Time to scramble!
I have had 2 accountant/bookkeeper types set appts and.....just don't show! No call. nothin. Twice. Never had that problem before. Knewnrml
So today, i go to friggin walmart tax lady. What a joke. I cant wait till we can do our taxes on a post card!
Fear the government.