American Horse Council Press Release

Beneficial Tax Tips for the Horse Industry from the American Horse Council

Tax season is near and the American Horse Council has extensive tax information that can help you with 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 Horse Owners and Breeders Tax Manual, Tax Tips for Horse Owners, 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 AHC’s Tax Bulletin Advisory Board.  Mr. Turner will be joining the very experienced group of tax professionals who are currently contributing to the AHC’s 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. 

Don’t forget to pick up your copy of the Horse Owners and Breeders Tax Manual written by Thomas A. Davis, Esq., a nationally recognized expert on equine tax laws.  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. 

AHC’s Tax Bulletin and Tax Manual 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 www.horsecouncil.org.

As the national association representing all segments of the horse industry in Washington, D.C., the American Horse Council works daily to represent equine interests and opportunities. Organized in 1969, the AHC promotes and protects the industry by communicating with Congress, federal agencies, the media and the industry on behalf of all horse related interests each and every day.

The AHC is member supported by individuals and organizations representing virtually every facet of the horse world from owners, breeders, veterinarians, farriers, breed registries and horsemen's associations to horse shows, race tracks, rodeos, commercial suppliers and state horse councils.