RE: [AlpacaTalk] Digest Number 192

Hi - I am trying to follow what your question actually is? Are you asking
how much of the taxes you paid in (income tax) you will get back? If you
are setting up to be a bona fide alpaca breeder, you need to go to an
accountant that specializes in at least "farm" type tax advise.

Regards,
Aase Frederick
EBA Oaks Alpacas
6010 Little Creek Road
Yreka CA 96097
530-842-3504
Web: www.EBAoaksalpacas.com
Email: AaseandDuane@4fast.net

-----Original Message-----
From: AlpacaTalk@yahoogroups.com [mailto:AlpacaTalk@yahoogroups.com]
Sent: Monday, February 13, 2006 10:58 AM
To: AlpacaTalk@yahoogroups.com
Subject: [AlpacaTalk] Digest Number 192

There is 1 message in this issue.

Topics in this digest:

1. Went to my accountant
From: "llauletta" <llauletta@yahoo.com>

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Message: 1
Date: Mon, 13 Feb 2006 15:10:53 -0000
From: "llauletta" <llauletta@yahoo.com>
Subject: Went to my accountant

Okay I went to my accountant to find out about the tax breaks. He said
If I am in the 25% tax bracket that is all I can claim the first year
and that is it! I can depreciate them and the other stuff on the farm
but that is it. Also, if I do not make a profit in x amount of years I
would have to repay some money. I thought the tax deals were better. I
live in NJ can anyone offer me more insight
Lea
Williamstown, NJ

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