Sep. 18, 2014
Fresh produce and tax law at your local farmers' market
I recently noticed that my Saturday morning visits to the local farmers' market were filed with more tax law than I realized.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
"Do you want an invoice so you can deduct that?" the fruit seller asked. The buyer grabbed her sack of peaches, handing over the cash in a practiced movement. She shook her head no, but the seller disagreed.
"That's the first thing you learn in business," continued the farmer, sagely. He warned the buyer, whom I later determined was a pastry chef. "Keep receipts, and deduct everything."
It go...
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