American Horse Council Tax Handbook Available in December

The American Horse Council (AHC) will soon roll out the 2019 edition of the AHC Tax Handbook, an important reference book for informing members of the horse industry about major changes brought about by landmark tax reform legislation, the Tax Cuts and Jobs Act (“TCJA”) of 2017.  This statute rewrote key provisions of the U.S. […]

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 […]