tax

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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Three-Year Racehorse Depreciation Extension Signed Into Law

A key provision that extends three-year tax depreciation for all racehorses through 2020 was signed into law by the President earlier Friday. The racehorse provision, which received bi-partisan support within both Houses of Congress, was passed by the Senate on Thursday by a vote of 71-23 and passed by the House of Representatives on Tuesday […]

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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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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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Tax Spikes A Fever, Held Out Of Oklahoma Derby

Trainer Danny Gargan has scratched talented 3-year-old Tax from Sunday’s Grade 3 Oklahoma Derby, reports drf.com, because the colt developed a fever after shipping from New York to Remington Park. “He spiked a shipping temperature the day we got there,” Gargan said. “It came right back down [but] we decided to wait and do the right […]

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Mucho Gusto 8-5 Favorite In 11-Horse Oklahoma Derby Field

A stakes-laden 13-race program has been put together for Sunday, Sept. 29 at Remington Park, led by the Grade 3, $400,000 Oklahoma Derby. The derby will be the 12th race on the card that starts at 3pm-Central. Mucho Gusto, expected to arrive via Tex Sutton Equine Charter on Thursday morning at Will Rogers World Airport in Oklahoma City, […]

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New York Derby Winner Bankit Joins Cast For Oklahoma Derby

The Grade 3, $400,000 Oklahoma Derby on Sunday, Sept. 29, continues to gain strength with the New York Derby winner Bankit likely joining a field that already includes top sophomores Long Range Toddy, Tax, Owendale and Mucho Gusto. All four of the latter horses have been winners among the top 3-year-olds racing in 2019. – […]

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