Small Business Property Tax Exemption Claim under Form

Instructions and help about mi 632

hi I'm Pete and welcome to just a few acres farm in this video I'm going to talk about tax breaks for small farmers and there's a lot of money on the table here I was amazed when we started farming at all the tax breaks available it's a good time to think about this stuff because tax season is here now I don't do our taxes we hire an accountant to do them and we get the big tax booklet back every year it's quite complicated for a farm and we have an LLC as well a limited liability corporation when we started the farm I had to do a lot of legwork to find the tax breaks that are available to us it's not like they're automatically triggered you have to go around to your County Assessor's Office look at the state tax forms look at the federal tax forms talk to accountants to get the information that pertains to you so I'm going to divide this discussion into two big groups the first is property tax and federal tax relief available and the second is sales tax the first step in all this is f