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Beneficial Tax Tips for the Horse Industry

Tax season is near and the American Horse Council has extensive tax information that can influence your equine business tax returns. For 40 years, the American Horse Council has provided the horse industry with tax information through the Tax Bulletin, the Tax Handbook and other various publications.

The American Horse Council is pleased to announce that Mr. Joel B. Turner of Frost, Brown, Todd in Louisville, KY will be joining the AHCís Tax Bulletin Advisory Board. Mr. Turner will be joining the very skilled group of professionals who are currently contributing to the AHCís Tax Bulletin. The Tax Bulletin is a must have for the equine business person. A bi-monthly publication featuring timely articles on equine tax and business issues written by an editorial board of tax professionals, as well as updates on the latest tax court decisions, IRS regulations and legislation that might impact your ability to run a profitable business.

Donít forget to pick up your copy of the Horse Owners and Breeders Tax Handbook. This 1000-page book explains the Internal Revenue Code as it pertains to the U.S. horse industry. No one commercially involved with the horse industry should be without it. Topics covered in the Handbook include: Business versus hobby-including summaries of important court decisions; Forms of doing business; Sales, Exchanges and Involuntary conversions; Tax planning; Depreciation; Record keeping and accounting rules; and much more.

AHCís Tax Bulletin and Tax Handbook are included in certain levels of membership or can be purchased separately. For more information on obtaining these items, please contact us by phone at 202-296-4031 or by email at ahc@horsecouncil.org. You may also visit us on the web at http://www.horsecouncil.org.

 

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