The American Horse Council's official tax manual
Before the laws changed, everyone seemed to have the tax system figured out. Changes in today's tax laws have made it a whole new ballgame.
Fortunately, the American Horse Council has published the 2006 Horse Owners and Breeders Tax Handbook to keep you abreast
of the tax laws.
The 2006 Horse Owners and Breeders Tax Handbook covers hobby law, how to depreciate your horses and farm equipment, reporting farm income and expenses, investment tax credits, farm operating losses, sales of horses, stallion seasons, casualty, theft and other losses, payroll taxes and the IRS forms and regulations you will encounter. Extensive summaries of actual tax cases illustrate specific situations.
The 2006 Horse Owners and Breeders Tax Handbook will save you, your attorney and
your accountant hours of legal research when preparing your taxes. Not only do you need a copy, but both your accountant and attorney should have one as well. |
