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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...How Much is an Eclipse Award Worth?
On January 17, Thoroughbred racing crowned its champions at the Eclipse Awards in Beverly Hills. Unlike most sports, in which champions are determined on the field of play, in racing, champions are crowned at the ballot box, and while there's usually a sensible link between a horse's record on the track and end-of-year honors, the ...
Read more...How to make sure a saddle fits horse well; poorly fitted saddles cause back problems
Equine veterinarians and chiropractors report that back issues caused by poorly fitting saddles are extremely common in horses today. Responsible horse owners try hard to ensure a good saddle fit for their horses, but many struggle to find a saddle that doesn't pinch, poke, bridge, rub, slip or tip on their horse's back.
Read more...DNA tracks how humans tamed horses
Scientists have used equestrian DNA analysis to trace all modern horses to an ancestor that lived about 140,000 years ago.
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