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IRS Wins a Horse Case for a Change
- Peter C. Bronson, et ux. v. Commissioner, TC Memo 2012-17 The poster child for a business activity that the IRS will consider a hobby,??denying deduction of net losses under Code Section 183,??is horse breeding.?? Horse breeders often do OK in Tax Court though.?? I think Tax Court judges share my attitude.????Horses are large animals ...
Read more...Future breeding plans top agenda
THE Traditional Irish Horse Association will be holding a meeting in the Gil-Good Lodge, Moira on Monday 13th February at 7.30pm when future breeding plans will be topping the agenda.
Read more...Eddie Baggs: Be neighborly by managing horse manure
With more than 25,000 horses in Denton County, proper manure handling and disposal are important management tools - especially since associated issues include odor control, fly breeding and environmental impact. Keep in mind the fact that suburban horse facilities have limited acreage for land to dispose of manure.
Read more...Joneses keep up with times in breeding business
LEXINGTON, Ky. − Just for the record, Aaron and Marie Jones aren’t slowing down their involvement in the horse business.
Read more...Sports in Brief: 'Super horse' delivered in Ky.
A 125-pound bay colt was born to 2009 horse of the year Rachel Alexandra by 2007 and 2008 horse of the year Curlin. Jess Jackson, owner of Stonestreet Farm in Kentucky, said that his dream breeding pair would produce a super horse and the product of their mating was born on Sunday afternoon.Later this year, Rachel Alexandra is set to be bred to Bernardini, the 2006 Preakness winner.
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