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My wife and I have full time jobs and I am also a farmer, we typically file a joint tax return each year. My mother-in-law invest on the farm primarily for equipment and some operating expenses such as fuel, seed and fertilizer and I pay for everything else and do all the work . In 2007 I decided to create an LLC for the farm to minimize liability for my wife and I and for my mother-in-law. I am not sure if I should file a tax return for the LLC in addition to the joint return my wife and I do every year. The farm activity is fairly small and it does not generate much profit. Up to last year I have been filing our tax return by myself using electronic methods. This year I'll be using TurboTax Bussines 2007 to file.

I would like some ideas on how to proceed for this year:

Should I hire an accountant for the LLC?
Since the farm activity is small, do I need to file a tax return for the LLC?

Thanks for any advice, suggestions or ideas.

Varlay