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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...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...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.
Read more...Film ‘War Horse’ bears little similarity to heritage at Fort Robinson
LINCOLN (AP) — Nebraska once had thousands of war horses.
Read more...Ranch one of top 5 horse farms in US
Sheldon, N.D. - Dave and Kim Utke have spent 43 years quietly building an international reputation for breeding champion appaloosa horses. Now, their Sheldak Ranch has been proclaimed a champion in its own right. The 1,000-acre ranch was recently named one of the top five horse farms in the U.S. by Horseman Magazine.
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