Loading... Please wait...

Our Newsletter


IRS Looks for Nine Things in an Equine Business Webinar

Price:
$20.00 (excluding tax)
Weight:
0.00 LBS
Rating:
( )
Shipping:
Free Shipping
Quantity:
Bookmark and Share


Product Description

The horse industry has faced multiple challenges over the past few years and now, we’re seeing more of another potential threat to our industry. Like everyone else, the Internal Revenue Service is looking for money and due to the nature of the industry, horse activities are a prime target. When it comes to proving to the IRS  that your equine activity is indeed a business and not just a hobby, certain things need to  be taken into consideration and well documented. There are nine specific areas that need to be properly addressed to beat the “hobby” classification. The one area that most horse operations fail to document to the satisfaction of the IRS is the manner of conduct by the taxpayer.  We willexpand on that to include:

             Manner of conduct by taxpayer - What does that really mean?

             What constitutes a complete and accurate set of books and records?

             How to establish and maintain separate bank accounts

             Business plan construction

             Documenting monitoring and adapting

             What records to give to your tax preparer?

             Record retention

This presentation will start with a review of the nine areas the IRS looks at during the course of an audit and what the participant can do to circumvent the activity being classified as a “hobby”  and therefore not deductible.

 

Speaker: Victoria Long is a CPA and accountant and an avid horsewoman and working cow dog owner. She is the Treasurer of the Colorado Horse Council.


Find Similar Products by Category


Write your own product review

Product Reviews

This product hasn't received any reviews yet. Be the first to review this product!

Add to Wish List

Click the button below to add the IRS Looks for Nine Things in an Equine Business Webinar to your wish list.

You Recently Viewed...