Tax/IRS Issues with Fish Farming

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Tax/IRS Issues with Fish Farming #284818 03/20/12 01:15 PM
Joined: Mar 2012 Posts: 1 Wisconsin F FishFarmer2020 OP
OP FishFarmer2020 F Joined: Mar 2012 Posts: 1 Wisconsin	I have a fish farm that gets land use value for taxation identical to all ag. IE. Crop land, pasture, CRP etc. Due to the infancy of fish farming here in WI, I am having difficulty communicating with the state assessors and the IRS the similarity. Has anyone out there had any experience??

Re: Tax/IRS Issues with Fish Farming FishFarmer2020 #284931 03/20/12 11:21 PM
Joined: Jun 2007 Posts: 7,099 Likes: 23 St Louis, MO area R Rainman Ambassador Field Correspondent Hall of Fame Lunker
Rainman Ambassador Field Correspondent Hall of Fame Lunker R Joined: Jun 2007 Posts: 7,099 Likes: 23 St Louis, MO area	Fish farming in Wisconsin has been going on a long long long time. I have no clue as to how the land is assesed...The taxes on my old fish truck more than tripled this year over last and the truck is older.

Re: Tax/IRS Issues with Fish Farming Rainman #284936 03/21/12 04:16 AM
Joined: Dec 2009 Posts: 6,692 Michigan J JKB Hall of Fame 2015 Lunker
JKB Hall of Fame 2015 Lunker J Joined: Dec 2009 Posts: 6,692 Michigan	Contact the Wisconsin Aquaculture Association: Wisconsin Aquaculture I am sure some of these nwebies could point you in the right direction. Jim Held and Ron Johnson are your Extension Aquaculture Outreach Specialist's, depending on farm location. You should really consider joining the WAA if you are a fish farmer, or planning on becoming a fish farmer. Like Rex said, Aquaculture has been around for a very, very, very long time in Wisconsin.