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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...Killing Them Softly - Animal advocates support resuming domestic horse slaughter
T he good girl in the Tom Petty song loves her mama, Jesus, America, horses and her boyfriend, too. Petty doesn’t specify if the order is a ranked one, but does equate them all to something centrally pure, something uniquely American. The horse is not on the list by accident.
Read more...Local breeders match it with best
PUNCH On and Spirit Of Boom, graduates of famed nurseries Raheen and Eureka studs, gave a boost to Queensland breeding with big-race wins.
Read more...LUCAS: Will Kentucky find it's 20 years behind, again?
Humorist Mark Twain is credited with quipping that he wanted to be in Kentucky when the end of the world came because everything there happens 20 years after it happens anywhere else.
Read more...Michele Hewitson interview: Tony Herlihy
A bloke from Ardmore, by the name of Anthony Grant Herlihy, got a very nice gong in the New Year's honours: he was made a member of the New Zealand Order of Merit, for services to harness racing.I'd put a tenner on him having last...
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