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Market Segment Specialization Program
The taxpayer names and addresses shown in this publication arehypothetical. They were chosen at random from a list of names ofAmerican colleges and universities as shown in
Webster’s Dictionary 
or from a list of names of counties in the United Statesas listed in the
United States Government Printing Office Style Manual.
This material was designed specifically for training purposes only.Under no circumstances should the contents be used or cited asauthority for setting or sustaining a technical position.
Department of the Treasury
Internal Revenue ServiceTraining 3123-003 (4-00)
TPDS No. 85127K 
MSSP
General Livestock 
http://www.getirshelptoday.com
http://www.getirshelptoday.com
This information has been provided to you courtesy of:Springer Jones, Enrolled AgentAdmitted to Practice before the Internal Revenue ServiceIf you have been notified that your personal and/or business tax returnsare under examination or being audited by the Internal Revenue Service,professional representation is highly recommended. More than 80% of IRSaudits result in additional taxes, penalties and interest with the averageface-to-face audit additions exceeding $9,500.Mr. Jones may be reached via his website:http://www.getirshelptoday.com
 
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http://www.getirshelptoday.com
http://www.getirshelptoday.com
This information has been provided to you courtesy of:Springer Jones, Enrolled AgentAdmitted to Practice before the Internal Revenue ServiceIf you have been notified that your personal and/or business tax returnsare under examination or being audited by the Internal Revenue Service,professional representation is highly recommended. More than 80% of IRSaudits result in additional taxes, penalties and interest with the averageface-to-face audit additions exceeding $9,500.Mr. Jones may be reached via his website:http://www.getirshelptoday.com
 
GENERAL LIVESTOCK
TABLE OF CONTENTS
CHAPTERPAGE1, INTRODUCTION
 Purpose of the Guide.................................................1-1Keeping in Touch with the Industry......................................1-1Compliance Potential.................................................1-2General Livestock Risks...............................................1-3Changes in Methods of Accounting......................................1-4Conclusion.........................................................1-5
2, EXAMINATION TECHNIQUES
 Pre-Planning.......................................................2-1Document Request/Appointment Schedule.................................2-1Initial Interview.....................................................2-2Site Visit..........................................................2-2Audit Steps........................................................2-3Closing Conference..................................................2-4Conclusion.........................................................2-4
3, INDUSTRY ISSUES
Common Issues.....................................................3-1Breeder Operation...................................................3-1Fattening/Feeding Operation...........................................3-1Issues.............................................................3-2IRC section 1231..............................................3-2IRC section 162...............................................3-4IRC section 61................................................3-5IRC section 168...............................................3-5IRC section 179...............................................3-5IRC section 183...............................................3-7IRC section 195...............................................3-8IRC section 451...............................................3-9IRC section 465..............................................3-10IRC section 469..............................................3-10IRC section 471..............................................3-11IRC section 1033.............................................3-11
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