tax

NTRA Summarizes Benefits To Horse Owners Under Federal COVID-19 Legislation

As part of its ongoing work to help the industry navigate the hardships brought on by the coronavirus pandemic, the National Thoroughbred Racing Association (NTRA) compiled a summary of benefits available to owners under the latest federal COVID-19 legislation. “Given that every business and financial situation is unique, owners need to consult their tax and […]

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‘Put Me In, Coach’: Carmouche Ships Down To Oaklawn After Six-Week Hiatus

Kendrick Carmouche hasn’t ridden in a competitive race since March 15 at Aqueduct Racetrack, on the last day of live racing in New York, but he has been far from idle as he looks to make a triumphant return this weekend at Oaklawn Park. “Put me in, coach. I’m tired of warming the bench,” Carmouche […]

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Tax Training ‘Really Agressive’ Toward Rescheduled Oaklawn Handicap

R. A. Hill Stable, Reeves Thoroughbred Racing, Hugh Lynch, and Corms Racing Stable’s Tax has posted back-to-back bullet works at Palm Meadows Training Center in Florida in preparation for the Grade 2, $600,000 Oaklawn Handicap, a 1 1/8-miles test for 4-year-olds and upward rescheduled for May 2 at Oaklawn Park. Trained by Danny Gargan, the […]

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NTRA, Dean Dorton To Host Tax Webinar On Feb. 20

Dean Dorton, one of the largest CPA firms based in Kentucky and a partner of the National Thoroughbred Racing Association (NTRA), is teaming with the NTRA to host its annual webinar on February 20 focusing on key federal tax reform items for horse and farm owners. Based in Lexington, Ky., Dean Dorton provides audit, accounting, […]

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House Passes Three-Year Racehorse Depreciation Extension

A key provision that extends three-year tax depreciation for all racehorses through 2020 today passed the House of Representatives by a vote of 297-120. The racehorse provision is part of a larger tax package agreed to by Republican and Democratic leaders and now expected to be taken up by the Senate in the next several […]

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Performer Fends Off Tax In Discovery

Phipps Stable and Claiborne Farm’s Performer held off multiple graded-stakes winner Tax in a thrilling stretch duel to capture Saturday’s Grade 3, $200,000 Discovery at Aqueduct Racetrack. Trained by Hall of Famer Shug McGaughey, the Speightstown colt rode a three-race win streak into the nine-furlong test for sophomores and led the field of seven into […]

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Performer Looks To Continue Win Streak Against Tax In Grade 3 Discovery

Performer, a winner of three straight races, has gradually climbed up the ladder in his last few starts and will take things up a notch when making his stakes debut in Saturday’s Grade 3, $200,000 Discovery over the main track at Aqueduct Racetrack. The 1 1/8-mile event is the final graded stakes event on the […]

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Maximum Security, Tax Among Nominees For Claiming Crown

Triple Crown-tested 3-year-olds Maximum Security, the multiple Grade 1 winner and disqualified first-place finisher in the Kentucky Derby (G1), and two-time graded-stakes winner Tax are among 261 horses nominated to the 21st running of the $1.11 million Claiming Crown Saturday, Dec. 7 at Gulfstream Park. Maximum Security is scheduled to make his next start Dec. 7 […]

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American Horse Council To Roll Out Tax Handbook 2019

The American Horse Council (AHC) is pleased to offer the 2019 edition of the AHC Tax Handbook, 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 rewrites key provisions of the U.S. Internal Revenue Code (“Code”) impacting […]

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