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Fresh Start

The Voluntary Classification Settlement Program is part of an Internal Revenue Service initiative that will allow some employers to correct misclassification of workers as independent contractors without paying the full amount due the government....

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A Compromising Situation

The economic recession (or depression, depending on the hit you’ve taken) has been hard on people in the horse industry. Money goes out faster than it comes in, buyers for horses vanish, bills go unpaid, and creditors start lining up at the stable gate. It’s a vicious circle. Add back taxes to the mix and you have the ultimate whammy. Anyone in hot water with the Internal Revenue Service might be tempted...

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A Paperwork Mountain

In Thunder Road (the movie, not the Bruce Springsteen song) Robert Mitchum played a Kentucky moonshiner trying to evade federal agents—the "revenuers" trying to collect whiskey taxes. The Patient Protection and Affordable Care Act, a comprehensive overhaul of health care signed into law by President Barack Obama earlier this year, may make us all "revenuers." There is nothing in the new legislation...

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Time Is Running Out

The tax man giveth, and the tax man taketh away. Two important federal income tax benefits that make the purchase of business-related equipment and horses more attractive to horse owners are scheduled to expire at the end of 2009. Extension of the tax breaks into 2010 is possible but unlikely, given the fact that Congress is embroiled in what will be an all-consuming debate over health care reform...

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Too Good To Be True

When something sounds too good to be true, it usually is, especially if the promised benefits include a substantial tax break. On October 26, in federal district court in Utah, David Plummer, Spencer Plummer, and Terry Green entered guilty pleas on a charge of conspiracy to defraud the United States. The charge arose from a fraudulent tax shelter scheme called the "Mare Lease Program" that...

About This Blog

Equine lawyers don’t sue horses—but what, exactly, do they do? And why does it matter? Horses and the Law brings you an in-depth look at the important legal issues affecting horse owners and exhibitors today, including liability, sales and bloodstock agents, contracts and other business concerns, taxes, the animal rights vs. animal welfare debate, and legislation. If you agree with something, or even if you don’t, feel free to comment. Just keep it tasteful. And remember that Horses and the Law does not—and cannot—address your specific legal problems, and is not a source of legal advice. For that, you should contact your own attorney.