Equine Tax Law

Penn Vet Receives $5 Million Gift to Establish the Dr. Harry Werner Professorship in Equine Medicine at New Bolton Center

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A transformational gift of $5 million by the estate of Seth and Lucy Holcombe will establish the Dr. Harry Werner Professorship in Equine Medicine at New Bolton Center, the large animal hospital of the University of Pennsylvania School of Veterinary Medicine (Penn Vet).

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D.C. Court of Appeals Blasts IRS

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The Obama Administration’s IRS scandal is back in the news. The function of the IRS is to help American taxpayers understand and meet their tax responsibilities, and to apply the Tax Code with integrity and fairness to all.

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Protecting Your Kids and Their Horses

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The bond between a child and their horse is one of the most special and important relationships that they will have in their lives. Horses are wonderful teachers, and they also provide structure and important lessons in responsibility and accountability. Any child that is fortunate enough to have a horse will be forever changed by the experience. Often the horse is the child’s best friend and most important source of growth, confidence, and fun.

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THE IRS’S MISGUIDED APPROACH TO “RECOUPMENT”

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For any business, long-term profit potential may hinge, in some measure, on efforts to reduce costs, getting better prices for goods and services, consolidating operations, layoffs, or efforts to promote efficiency. .

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Tax Court Case Involving Cow Activity and Horse Activity

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The outcome of cases in Tax Court depend somewhat on the philosophical approach of the individual judge hearing the case. Some judges are more sympathetic than others to losses incurred by taxpayers in the horse and livestock industries. .

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