IRS Horse Breeders Tax Laws

Horse Breeding and the IRS – Some Interesting Insights…..

Written Business Plan Is Crucial In Horse Tax Court Case

Peter J Reilly, Contributor, Forbes Magazine

Horse breeding is a favorite target of the IRS, when it comes to the hobby loss rules. Nonetheless, breeders will often beat the IRS in Tax Court. Reading a recent decision I got the sense that William Dodds, a tax accountant, came so close that he could almost taste it. He ended up losing. His case is very instructive and is a must read for anyone affected by this issue. I really hope he appeals.

Continue reading

Subscribe

WorldWide

AndalusianWorld is WorldWide

Travel Arrangements

Categories

Statistics (as of 9/8/2014)

  • User Online: 3
  • Today Visit: 652
  • Yesterday Visit: 1196
  • Week Visit: 17594
  • Total Visit: 29215