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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...Finders Key: From Far Back in the Pack to the Lead in ‘War Horse’
The movie, nominated Tuesday for an Oscar for best picture, used almost 300 horses for one battle scene. The best acting was by Finders Key, who also appeared in “Seabiscuit.”
Read more...Star Guitar owner first lady of racing in Louisiana
NEW ORLEANS — One day last year during the Fair Grounds race meeting in New Orleans, a crew showed up on the backstretch and, in a space between trainer Al Stall's barn and a neighboring outfit, installed a makeshift photo set. Lush flowers, sod, ornamental bushes − a lavish backdrop.
Read more...The RBS boss is a handy scapegoat in a failing economy
Stephen Hester must be wishing he had never gone near the damned horse. The picture of him in full hunting regalia will never leave him.
Read more...Dartmoor set of Spielberg blockbuster
THE iconic beauty of Dartmoor in Devon will be a must see destination in 2012 for fans of the Michael Morpurgo classic War Horse , which is the subject of Steven Spielberg new movie which was released in the UK on January 13.
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