TBracehorse-cohan

7th Circuit Court of Appeals Reverses Tax Court Decision

TBracehorse-cohanAn appeals court reversed the Tax Court's decision in a Thoroughbred owner/trainer's case. • Courtesy of John Alan CohanIn a remarkable decision, the 7th Circuit Court of Appeals reversed a Tax Court opinion dealing with a Thoroughbred racehorse owner’s activities. The case, Roberts v. Commissioner, concluded that the taxpayer's horse racing activities were entered into for profit. The Court characterized the Tax Court decision as untenable, in that it in effect concluded that a business's start-up costs were not deductible business expenses and that every business starts as a hobby and becomes a business only when it achieves a certain level of profitability. The 7th Circuit opinion was an embarrassment not only for the Internal Revenue Service (IRS), but for the Tax Court judge in the case, Judge Elizabeth C. Paris.

Working Is Not Learning

We all go “work” our ponies. “Work the flag.” “Work some cows.” “Practice cuts.” Most of the time these are short sessions. Show up early, often right after breakfast, which was right after last call. Saddle up, lope a little, work, put up and leave. In some cases, your horse is ready and you step on, work and leave.

PCCHA Core Balance Derby & Classic/Challenge

The Pacific Coast Cutting Horse Association (PCCHA) Core Balance Derby and Classic/Challenge will take place June 10-19 at the South Point Arena and Equestrian Center in Las Vegas. In addition […]

NRCHA Derby

The NRCHA Derby will be held June 13-19 at the Paso Robles Event Center in Paso Robles, California. For complete coverage of the event, subscribe to Quarter Horse News. NRCHA […]
Wallawhizagun GHutchins

Wallawhizagun Takes Wild Card Levels 4 & 3 Open Championships

Wallawhizagun GHutchinsWallawhizagun & Gabe HutchinsThe Wild Card Reining Challenge 4-Year-Old Futurity Open showcased 21 horses that had not been shown in any 3-year-old National Reining Horse Association (NRHA) category 2 aged-event reining or reined cow horse competitions. And of those 21 horses, it was Wallawhizagun, ridden by Gabe Hutchins to a 219, that took home the Levels 4 and 3 championships for owner Tamarack Ranch LLC, of Joseph, Oregon.

CWOnJuice LLongfellow

Longfellow Wins Three Levels in Wild Card 4-Year-Old Futurity Non-Pro

CWOnJuice LLongfellowLindy Longfellow & CE On JuiceThe Wild Card Reining Challenge started Friday morning with a free seminar by Jody Brainard, National Reining Horse Association (NRHA) Judges Committee Chairman. Around 100 people attended the seminar – so many that more chairs had to be brought in to accommodate everyone. Brainard’s topic was “Inside the Mind of an NRHA Judge,” and he used video from actual runs to he give examples of plusses and penalties one might see in the reining pen.

Dennis Moreland Tack Hard 3 Plait Flat Hackamore

Hard 3 Plait Flat Hackamore

Dennis Moreland Tack Hard 3 Plait Flat Hackamore

The weight of the heel knot on this Dennis Moreland Hard 3 Plait Flat Hackamore http://bit.ly/1NtzWtc causes it to fall instantly when the pressure on the rein is released. This releases the pressure of the noseband providing an instant reward for a proper response. Signals from this hackamore are strong. I make this hackamore for use mainly on the older horse and I don’t recommend it for starting or training young colts.

ZeeGunslinger CMcNutt 16KBP

Wild Card Reining Challenge Kicks Off Inaugural Show

ZeeGunslinger CMcNutt 16KBPZee Gunslinger & Crystal McNutt • Photo by Kristin PitzerThe 2016 Wild Card Reining Challenge burst on the reining scene Wednesday morning in Las Vegas, bringing with it the 4-Year-Old Futurity – an idea whose time has finally come! The show, running over Memorial Day weekend May 25-29 at the South Point Event Center, Hotel and Casino, is the newest of the four major reining competitions presented annually by Scottsdale, Arizona-based Brumley Management Group, LLC.

bonnie2

Multiple Derby Champions Crowned at Breeder’s Invitational

bonnie2Derby Senior Champions Bonnie Martin & Autumn ReyThe last week of the Breeder’s Invitational is coming to a close, but the show days are still packed full with exciting finals. There were three finals on Thursday, May 26, and first up was the Derby $10,000 Novice Horse Open.