Do I have to pay any taxes on farm income, or pay an inheritance tax on the farm ?
R ROJOBRAVO New member Nov 12, 2015 20 0 0 Jan 7, 2016 #1 Do I have to pay any taxes on farm income, or pay an inheritance tax on the farm ?
A AZB Platinum Jan 2, 2002 12,290 519 113 Jan 7, 2016 #2 my friend has a big farm and cows. he sells milk and cows on profit. i doubt if he pays any taxes on anything from the farm.
my friend has a big farm and cows. he sells milk and cows on profit. i doubt if he pays any taxes on anything from the farm.
D Derfish Gold Jan 7, 2016 4,441 2 0 Jan 7, 2016 #3 I would expect that you should be charging the ITBIS on any farm products you sell and paying taxes in that manner.
I would expect that you should be charging the ITBIS on any farm products you sell and paying taxes in that manner.
F Fabio J. Guzman DR1 Expert Jan 1, 2002 2,359 252 83 www.drlawyer.com Jan 10, 2016 #4 Yes, both income and inheritance taxes are due unless you qualify for an exemption under a special law.
Yes, both income and inheritance taxes are due unless you qualify for an exemption under a special law.
