I live next to farmers. Everything they do and own is a business expense. The business owns everything. Home, cars, utv, electric, propane, internet, new land, gas, desiel, and red desiel. They go on multiple caribbean vacations, rent out the banquet room and claim it as a business expense. Is this really what business are able to do?
In: Economics
Yeah I used to be an agricultural electrician and we did resi work on their houses and personal shit all the time and it would just get put on the farm commercial bill so that was definitely shady.
They would also do things like write off side-by-side’s as farm vehicles even though they never did any farming with them. Same with brand new, fully loaded GMC Denali’s as farm vehicles but that thing never went anywhere near any hay or feed or nothing either.
As for how? How do you prove the side-by-side is a personal vehicle and not a farm one. It COULD be used for farming, just isn’t. Same with the truck. Gas and diesel too, government doesn’t know if it’s in your personal vehicle or your farm vehicle.
Also, where I’m from (Ontario) farmer’s are the wealthy elite so they have a lot of money just from being farmer’s so they can afford a lot of vacations and stuff just from having a high income.
I am mostly talking about quota guys (Dairy, chicken) cause the beef and pork guys aren’t AS well off but they do pretty well too.
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