AHC Tax Bulletins

• Tax Brochure – (June 2022)
  • Articles Include: Handling the “Hobby Loss” Challenge: When the IRS Tries to Bite the Horseman.
• Tax Brochure – (March 2022)
  • Articles Include:  Land as an asset of a horse business – revisited.
• Tax Brochure – (August 2021)
  • Articles Include: Charitable donations in the Equine Sector.
• Tax Brochure – (April 2021)
  • Articles Include:  Best breeding practices for first-time horse breeders.
• Tax Brochure – (December 2020)
  • Articles Include:  Know the rules for breeding operations to show an intent to make profit.
• Tax Brochure – #398 (November 2020)
  • Articles Include: Does the Hobby Loss Rule Still Apply in a COVID Economy?  2020 Tax Planning for Sub-Chapter S Small Business Owners in the Wake of SBA Loans.  Good Reasons to Incorporate Your Horse Business. 
• Tax Brochure – (July 2020)
  • Articles Include:  Is your horse racing activity a business?  If your horse operation is a business, then consider available deductions.
• Tax Bulletin #396 (July 2020)
  • Articles Include: Ongoing Paycheck Protection Flexibility Measures; Recent Income Tax Change May Benefit Individuals, Businesses in the Equine Sector
• Tax Bulletin (January 2020)
  • Articles Include: Know the rules for breeding operations to show and intent to make profit.
• Tax Bulletin #387 (2018-1)
  • Articles Include: Horse Industry Faces New Tax Landscape in 2018; Knowles v. Commissioner; Horse Owners’ Ability to Utilize a Section 179 Deduction Against Income from Multiple Active Trades or Businesses
• Tax Bulletin #386 (2017-4)
  • Articles Include: Tax Reform Bill Continues to be a Work in Progress; AHC, Business Groups Urge Repeal of Estate Tax; Tax Court Rules Owner Did Not Operate Horse Activity as a Business for Profit; Big Changes in IRS Partnership Audit Procedures Create Potential Inequities for Current and Future Partners
• Tax Bulletin #385 (2017-3)
  • Articles Include: Horse Owner Loses Appeal of Tax Court Case to Ninth Circuit Court of Appeals; Horsing Around With Tax Extenders in Full-Expensing System; Tax Treaty Limitation of Benefits and Form W8-BENE-E 
• Tax Bulletin #384 (2017-2)
  • Articles Include: Tax Reform Update
• Tax Bulletin #383 (2017-1)
  • Articles Include: Tax Court Finds Thoroughbred Racing Activity Was Not Engaged In For Profit; Quarter Horse Operation Not Engaged In For Profit; Selected Recent Equine Business Tax Cases
• Tax Bulletin #382 (2016-5)
  • Articles Include: Congress Adjourns for the Year; Deductions from ClassicStar’s Mare Lease Program Come Back to Bite Taxpayer; The Path to Capital Gain Tax Treatment for Horse Sales
• Tax Bulletin #381 (2016-4)
  • Articles Include: Presidential Candidates Latest Tax-Proposals; Favorable Tax Depreciation Rules for Racehorse Owners Remain in Place for 2016
• Tax Bulletin #380 (2016-3)
  • Articles Include: U.S. Court of Appeals Reverses Tax Court Decision Holding Horse Activity not Engaged in for Profit; House Tax Reform Task Force Releases Blueprint for Tax Reform; Tax-Free Lodging for Employees
• Tax Bulletin #379 (2016-2)
  • Articles Include: Circuit Court Affirms Lower Court Finding Horse Activity Not a Business for Profit; Tax Court Finds Horse Training Activity Not Engaged in for Profit; Attorney’s Fees and Other Costs in Tax Cases: Opportunities Exist for Taxpayers to be Reimbursed Their Costs
• Tax Bulletin #378 (2016-1)
  • Articles Include: Tax Court Finds Riding Arena Repairs Not Deductible; Court Finds Taxpayer’s Dressage Activity Not Engaged As a Business-Again
• Update to Tax Bulletin #377
• Tax Bulletin #377 (2015-6)
  • Articles Include: Expired Tax Provisions Under Consideration As Congress Approaches Year End; The Return of Reason in Treatment of “Past Losses” in Section 183 “Hobby Loss” Case
• Tax Bulletin #376 (2015-5)
  • Articles Include: Tax Court Finds Arabian Breeding Farm Operated As a Business; Income Tax Considerations in Buying and Selling Farms
• Tax Bulletin #375 (2015-4)
  • Articles Include: Tax Court Finds Arabian Farm Not Engaged in as a Business for Profit; Conservation Easements Update
• Tax Bulletin #374 (2015-3)
  • Articles Include: Tax Court Finds Thoroughbred Racing and Breeding Activity Engaged in as a Business for Profit; Worker Classification Issues for Federal Tax Purposes
• Tax Bulletin #373 (2015-2)
  • Articles Include: Tax Court Finds Thoroughbred Owner’s Horse Activity Was a Business in 2007 and 2008 But Was Not in the Previous Two Years; Court of Appeals for Ninth Circuit Upholds Tax Court Decision that Horse Activity Was Not Engaged in as a Business for Profit [Bronson v. Comm’r]; Treasury and IRS Announce Intention to Amend Pari-Mutuel Wager Regulations; Are Your “Responsible” for Company Tax Liabilities? The Answer May Surprise You!
• Tax Bulletin #372 (2015-1)
  • Articles Include: Congress Passes and President Signs Bill Extending Expired Tax Provisions Through 2014; IRS Implements its Appeals Judicial Approach and Culture (“AJAC”) Project