Registration is still open for TOC’s FREE seminar, “Tax Planning for Horse Owners” – an introductory seminar aimed at helping horse owners gain a working knowledge of the rules of both federal income and state sales taxation as they apply to the racehorse business.
A panel of renowned tax experts including Jen Shah, CPA and attorney Richard Craigo will discuss tax treatment for horse acquisitions and sales, tax deductions for business related expenses, the IRS “hobby loss” provision, depreciation, sales and use taxes, forms of doing business (sole proprietorship, partnership, syndicate, corporation or LLC), capital gains and more.
Shah is director of tax services for Dean Dorton Allen Ford PLLC, advising business and individual clients. She also leads the firm’s equine practice, working extensively with participants in the horse industry. A graduate of the University of Kentucky, she has spoken at many equine conferences and symposiums.
Craigo is a certified taxation specialist and practitioner in equine law. He has represented more than 200 owners, breeders, trainers, veterinarians and bloodstock agents worldwide in business matters, administrative law practice, and income and sales tax matters including IRS “hobby loss” and “passive loss” disputes. He earned a J.D. degree from the University of Southern California and has lectured before numerous horse owner and breeder groups on taxation, syndication and equine law.
Moderator for the seminar will be Bob Ike, who is a partner and vice president of Horsebills.com, a state-of-the-art invoicing, payment and accounting platform for equine industries. He has been involved professionally in thoroughbred racing since 1985 as a former newspaper handicapper, website proprietor and regular co-host and contributor to the “Thoroughbred Los Angeles” weekend radio show on KLAA.
The seminar will take place at Santa Anita Racetrack, in the Baldwin Conference Room (3rd floor, Clubhouse level), Saturday, Feb. 4 at 8:30 a.m. Santa Anita is located at 285 W. Huntington Drive, Arcadia, CA 91007. Although it is free and open to the public, reservations are recommended and can be made by calling TOC at (626) 574-6620 or by clicking here.
