Center Ranch Wins Case Against IRS

A federal judge recently ruled in favor of Center Ranch in a tax case, declaring that the Centerville, Texas-based cattle, hay and cutting horse operation was a for-profit business in spite of monetary losses. Owned by Finis Welch, the 8,700-acre ranch is home to Equi-Stat Elite $2 Million Sire Woody Be Tuff, whose progeny include […]