Let’s Improve Your Truffle Farm’s Tax Situation by Alyce SJ Chapman

Alyce SJ Chapman, CPA
Anderson Group

1. Business Mileage
   Standard Mileage & Special 75% rule
2. Depreciation Basis
   ADS & GDS, Section 179 & Autos
3. 263A-Unicap (Uniform Capitalization) & Preproductive Expenses
   Past & Present
4. 1099s
   Basic Rules & new NEC form
5. Deducting Next Year’s NATGA Convention
   Travel & Meals

Additional Resources:

Publication 225 – Farmer’s Tax Code

Publication 463 – Travel, Gift & Car Expenses

Publication 946 – How to Depreciate Property

Publication 583 – Stating a Business & Keeping Records