New Tax Case Rules Against Taxpayer Again
In a new case involving Joyce Hastings, an attorney residing in Julian, California, the IRS prevailed in its claim that her horse related activity was not conducted for profit. In…
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IRS “Audit Manual” Red Flags
…helpful if you can show that you are either making a profit in the activity or that you are in the middle of a profitable year, or at least that…
Claiming Tax Deductions for Riding Children
…a horse activity to make it profitable, how to train horses, or how to manage the horse activity. The Court noted that there was one profit year, but that this…
Owning a Horse – Business or Hobby’
…have a business at all. It has to do with the intention to generate a profit and, when you don’t have a profit, the changes you make to move that…
Corro, The One Source for All Things Horse, Extends the Holiday Cheer by Giving Back
Corro (corroshop.com), the one source for all things horse, has a month left in its Holiday Give-A-Gift, an initiative to celebrate non-profit Equine and Therapeutic Riding organizations, and encourage the…
Horse Business And Laws
…Just who’s an employee and who’s a volunteer becomes a serious issue when you’re dealing with for-profit businesses rather than true non-profit organizations. A business that is in operation to…
The Horse Professional
…reason’ It takes longer to produce profitable results (boy, is that an understatement!). However, you need to be for-profit, not for-hobby, to satisfy the IRS. But I think it takes…
What We Really Need is Reasoned Discussion
…a lot of money. The people behind the ?build-slaughterhouses? movement want to profit from it and will want it done as cheaply as possible. It would take too long to…
The Slaughter Question
…knows how to turn a profit from horseflesh did. That afternoon, Bart was loaded onto a cramped double-decker trailer and hauled across six states to meet his end in a…
Tips for Ex-Racehorse Shopping Online
…or beginning riders,” says Jo Anne Normile, founder of CANTER, a nonprofit organization that posts Net listings for Thoroughbreds in 11 states. “These young horses have seen and heard everything…