E32-Lancaster Fanning, Saturday, January 12,1985
Brockett's Ag Advice
Bo By John E. Brocket!
Farm Management Agent
Lewistown Extension Office
A Tax earning
You will be filing additional tax
forms this year under the threat of
Valiant
(Continued from Page E3O)
Valiant for $1,500.00. A second cow
by Valiant, Fay-Ark Valiant
Marsha (EX-90), sold with her
daughter by Leadfield Columbus
for $1,000,000. Two other Valiant
daughters in the sale brought
$300,000 and $250,000.
While all this glamour and ex
citement was developing, in
formation released by the Holstein
Association provides even more
meaningful testimony as to what
the Valiants are doing in everyday
dairy circles.
Two Holstein performance
reports, made available by the
Association, lists the nation’s top
Holstein cows based on their
production and type. The lists are
derived from information
available on over 400,000
registered cows that have been
production tested and classified.
The Locator List includes the
leading 5,000 cows or top two
percent of the breed. Nine hundred
and sixty-three daughters of
Valiant account for 11 percent of
this list.
As the list is narrowed down to
the top 200 on the Premier Per
formers List, Valiant dominates
even more. He sired 68 or almost
1/3 of the Holstein breed’s best
cows.
Glendell, with 21 daughters, is
second, and Elevation, with 19, is
third.
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a big penalty if you don’t. Those
forms are 10995. The penalty is $5O
for each one you fail to file. You
can send for the forms by using the
order blank in the back of your tax
packet or the order form in Cir
cular A “Agricultural Employers
Tax Guide.” That is what the IRS
instructions say anyway. However
they also put a limit on the number
they will send to you. Fill in the
form number in the blank space on
the form. Send to Forms
Distribution Center, PO Box 25866,
Richmond, VA 23260.
If you paid $6OO or more for in
terest, rent, machine hire, sub
contract work, commission, fees or
service to an individual you will
need a “1099-INT” for interest paid
and “1099-MISC” for the others
listed.
I/et’s look at a list of common
items for which you should
probably issue a 1099.
1. Interest paid on money
borrowed from anyone including a
relative if it is over $6OO. This
would include interest on in
stallment sales. Use a 1099-INT.
2. Rent paid to a partner by a
partnership. Use a 1099-MISC.
3. Rent paid to anyone for
-lllhAtf
Depl 916 I I
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Which Form
Thanks and Congratulations
• Pole Bam Construction
• Roof Trusses 4’ On Center, Which Allows Heavier Snow Load
• Natural Draft Ventilation With Overshot Ridge Vent
DESIGNERS i BUILDERS Of SYSTEMS
I I
anything by anyone if it is over
$6OO. Use a 1099-MlSC‘(not rent
paid to a leasing company)
4. Custom work such as com
bining, corn planting, baling or silo
filling if it is over $6OO. Use a 1099-
MISC.
5. Bulldozing or other machine
work such as farm lane grading,
ditch digging, foundation digging,
tile laying or clean up if it is over
|6OO. Use a 1099-MISC.
6 Fees paid to your veterinarian
for services if over $6OO. (You do
not have to include supplies). Use a
1099-MISC.
7. Royalties you may pay for the
use of someone else’s bull. Use a
1099-MISC.
8. Hired man’s milk, pigs, corn,
etc sold with yours then paid out of
your account to him or her if over
.$6OO. Use a 1099-MISC.
The average dairy farmer in
central Pennsylvania is probably
liable for 6 to 10 forms. They come
in sheets of 3 with 3 copies of each.
One copy is to be sent to the person
you pay. One copy goes to the IRS.
One copy should be attached to
your 1984 tax return. You will need
it if you are audited.
NOTICE
Last year the forms were
evidently in short supply - I was
able to get enough 1983 forms for
use in our office. The IRS sent me
1984 forms instead. Also, it may
take up to 3 weeks to receive the
forms from the distribution center.
From the above list of 8 common
items figure how many you will
need. Order them now. They are
supposed to be sent to the recipient
by the end of January. The IRS
copy is due with a 1096 by the end of
February. Now get this: Next year
Lester C. Jones &
On Their New Dry Cow Facility
BUILT BY:
RD 4 EPHRATA, PA 17522
Located In Farmersville
Phone 717-354-4271
those who receive interest will
probably have to file a form saying
they received it. Don’t ask my
why.
You Will Need
To fill out the 1099 form, you will
need the recipients social security
number, address, and correct
name. If the recipient refus ol- *
Ski patrol endorses milk
SYRACUSE - Throughout the
years, a number of groups and
individuals have come out with
endorsements for milk. The latest
group on this list is the National Ski
Patrol, which has teamed up with
the American Dairy Association
and Dairy Council in declaring
milk as its official beverage.
The endorsement of milk comes
at a time when the Ski Patrol is
involved in promoting the im
portance of proper nutrition as a
factor in safe skung. According to
Stephen Over, Executive Director
of the National Ski Patrol, “Most
injuries occur because people
aren’t prepared for skiing, they’re
nutritionally unsound as well as
physically unsound. Dairy foods
form part of the solid nutritional
base required to stay healthy
before, during and after the ski
season.”
The National Ski Patrol wants to
make skiers aware of the fact that
preparing physically for the ski
season is not enough. Skiers must
complement their physical
training with a sound nutritional
program. Strong bones are cer
tainly a necessity for skiers. Dairy
products supply 72 percent of the
of Medford, N.J.
FEATURES
supply you with any of these, send
it in with tjie note that you were
unable to procure it from the
recipient. Then you will probably
have to withhold 20% of it next
year and send it in to the IRS In
other words you may become a tax
collector. How do you like that?
daily calcium needed to develop
and maintain strong bones.
The National Ski Patrol has
historically been recognized as an
authority on ski safety. In
existence since 1937, it has over
24,000 members patrolling ski
areas throughout the United
States. While the majority of their
tune is spent patrolling the slopes,
they are also involved in providing
ski safety information through
appearances in their local com
munities.
As Over states, “We want skiers
to be healthy both inside and out.
By declaring milk as our official
beverage, we hope to raise skiers
awareness of staying healthy
through nutrition.”
As a complement to the National
Ski Patrol endorsement, the
American Dairy Association and
Dairy Council has initiated a ski
advertising campaign at 45 ski
areas throughout New York, New
Jersey and Pennsylvania. The ads,
which promote milk, consist of
billboards which are placed on ski
lift towers. They read, “A Strong
Finish Needs a Strong Start, Milk
Products Supply Over 70 Percent
of Your Calcium Needs.”
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Inc .
Let Our Experience
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1985 For All Your
Farm Building Needs,
Large Or Small