General Livestock : IRS Audit Techniques Guide (Paperback)

The livestock industry is as varied as any other area of farming and agriculture. Methods of bookkeeping within each operation will differ. Due to these variations, this guide provides a focus on the business of breeding, raising, buying, and selling livestock. This overview, along with the glossary and appendices, provide a basis for communicating with livestock farmers as well as their representatives. Regional differences, however, may result in oversights in terminology. Input from the readers will be invaluable in completing the usefulness of this guide. The volatility of this market segment makes it one of the most dynamic of any industry we will audit. Domestic and international markets, weather conditions and disasters, medical and health considerations, and the interrelationship between livestock and its feed market are all contributing factors. Financial records will reflect the results of these factors.