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AHC’s 2011 Horse Owners and Breeders Tax Handbook is Now Available!

posted by Horse Owner Today    |   April 18, 2011 16:08

  

 

 

 

The American Horse Council is pleased to announce that the new, up-to-date 2011 Horse Owners and Breeders Tax Handbook is hot off the presses!  No one involved with the horse industry should be without the Horse Owners and Breeders Tax Handbook.

 

Topics covered in the Handbook include:

 

  • Business versus hobby-including summaries of important court decisions;
  • Passive loss rules;
  • Forms of doing business;
  • Record keeping and accounting rules;
  • Sales, Exchanges and Involuntary conversions;
  • Depreciation;
  • and much more!

 

This two-volume edition has everything you need to know pertaining to tax laws for your equine business.  Volume-One explains the Internal Revenue Code as it relates to a horse business, and Volume-Two includes court cases involving horse owners and breeders that have had dealings with the IRS, both favorable and unfavorable.  “The Horse Owners and Breeders Tax Handbook is an essential element of a federal tax library for practitioners serving the horse industry,” explains Paul Husband of Husband Law in Universal City, CA.  The cost for the two-volume printed edition of the Tax Handbook is $95 plus shipping and handling.  

 

For the first time ever, the Handbook will be available as a CD.  No more toting the two volumes around with you when you’re traveling.  This CD will fit in your carry-on and won’t take up much room on your shelves.  The cost for the CD edition of the Tax Handbook is $75 plus shipping and handling.

 

Looking for a specific topic?  Find it easily!  The CD has a search function to lead you directly to the subject you’re looking for.  Not only is the CD now available, but it is being offered as a special package deal with the books for only $135 plus shipping and handling!

 

Written by Thomas A. “Tad” Davis of Davis & Harman in Washington DC, this is the most current and informative source on equine tax laws on the market.  Mr. Davis is the guru of equine tax law.  He has represented private clients for years in this area and has worked as the tax counsel for the American Horse Council for forty years! 

 

You won’t want to be without this Handbook and CD.  "The Tax handbook is a concise and go to resource for those involved with equine tax related issues," said Douglas P. Romaine of Stoll Keenon Ogden PLLC in Lexington, KY.   Order online or call the AHC to get your copies today!

 

You may find the AHC online at www.horsecouncil.org or by calling 202-296-4031

 

 

 

 

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Equine charity’s gift to Western Canadian veterinary college doubles in value through matching gift program

posted by Horse Owner Today    |   April 18, 2011 09:44

A $20,000 donation from the Equine Foundation of Canada (EFC) to support horse health at the Western College of Veterinary Medicine on the University of Saskatchewan campus has helped to raise another $20,000 through a matching gift program.

 

“The Equine Foundation of Canada’s dedicated efforts to support horse health at the WCVM and at other Canadian veterinary colleges are exceptional,” said WCVM Dean Dr. Douglas Freeman. “Year after year, members of the EFC have put the long-term health and welfare of horses first by investing in veterinary education, research and clinical services across the country. We admire their commitment and thank them for supporting our veterinary college.”

 

Established in 1983, the EFC is a charitable organization dedicated to supporting the health and welfare of all breeds of horses across Canada. Its latest donation qualifies for the veterinary college’s matching gift program — an initiative that was created by the Heather Ryan and L. David Dubé Foundation in 2006. The Saskatoon foundation has pledged to match any new or increased donations to the WCVM’s equine research programs between 2006 and 2011.

 

With the EFC donation and the matched dollars, the WCVM has purchased two pieces of equipment that will be used for horse health research as well as for the clinical care of patients in the college’s veterinary teaching hospital:

 

• a Holter monitor that will allow veterinarians to continuously monitor a horse’s heart activity for 24 hours or longer. The equipment will help veterinarians diagnose and investigate cardiac arrhythmias and other cardiac-related symptoms that come and go without any predictability.

 

• an overground video endoscope that gives veterinarians the ability to examine a horse’s upper airway during exercise. Endoscopic evaluation of horses exercised on a high-speed treadmill or on a track is the gold standard for identifying dynamic abnormalities such as dorsal displacement of the soft palate (DDSP), laryngeal hemiplegia or other upper airway dysfunctions.

 

This is the second year that the EFC has qualified for the matching gift program. The organization contributed $10,000 in 2009 to support the WCVM’s studies of equine sarcoids — the most commonly diagnosed skin tumours in horses around the world.

 

While the EFC generally rotates its annual donation among Canada’s five veterinary colleges, its members decided to make an exception. “We had donated to the WCVM in 2009, but the chance to double the support for horse health programs was just too good of an opportunity to pass up,” said EFC President Eldon Bienert of Leduc, Alta.

 

Combined, the two EFC gifts and the matching dollars will result in a $60,000 addition to the WCVM’s equine health program. After more than four years, the matching gift program has helped to increase funding for WCVM’s horse health activities by more than $450,000.

 

“I think the matching gift program is a wonderful motivator for anyone who owns and works with horses. We rely on our animals for so much, and this program inspires horse owners and organizations like ours to dig deeper for the sake of horse health care,” said Bienert.

 

Supporters of the EFC include members of all types of equine breed organizations and sport groups across Canada. Through fundraising trail rides, raffles and individual gifts, EFC members have raised more than $200,000 in support for scholarships, research grants and the purchase of medical equipment over the past 28 years.

 

Located at the University of Saskatchewan in Saskatoon, Sask., the WCVM is the centre for veterinary education, clinical expertise and research for Western Canada. The veterinary college’s Equine Health Research Fund annually invests nearly $200,000 in equine health research grants, equine fellowships and a summer research program for undergraduate veterinary students at the WCVM.

 

 

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1099 Reporting Requirement Headed for Repeal

posted by Horse Owner Today    |   April 14, 2011 15:39

For Immediate Release
April 13, 2011

 

The American Horse Council reports that on April 5, 2011 the Senate passed a repeal of the onerous new 1099 reporting requirement that was scheduled to kick-in in 2012.  The House approved the same 1099 repeal bill (H.R 4), introduced by Congressman Lungren (R-CA), earlier this year. The President is expected to sign the bill into law in the next several days. 

“We are glad Congress took action to head off what would have been a large increase in tax-related paper-work for horse businesses in 2012,” said AHC President Jay Hickey.

The new 1099 paperwork mandate was a provision of the health care bill passed last year that would have imposed burdensome new tax reporting requirements on every business in the U.S., including those in the horse industry, beginning in 2012.  Current law requires 1099s to be sent to any independent contractor that receives $600 or more from a business in a year.  The new provision would have required 1099s be sent not only to independent contractors but also to any individual or corporation from whom a business purchased a total of $600 or more in goods or services in the year.

The bill repeals only the new broader reporting requirements.  Businesses will still have to send 1099s to independent contractors as current law requires.

“Repeal of the new 1099 requirement has had Presidential and bipartisan Congressional support once its full impact on businesses was realized,” said Hickey “However, during the last Congress disagreement over details got in the way of repeal.  We are happy Congress prioritized getting this done before businesses were impacted in 2012.” 

 

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Corman Park Veterinary Services

posted by Horse Owner Today    |   April 11, 2011 18:53

Watch our "Ask a Vet" section to see the great addition of Corman Park Veterinary Services new website coming soon..............

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Greenhills Golf Course

posted by Horse Owner Today    |   April 11, 2011 18:35

Greenhills Golf Course http://www.horseownertoday.com/vendor.aspx?vid=21 will be open in May 2011 for fabulous golfing, stayed tuned for opening date.  Call to book your early bird special today.Come visit www.HorseToday.com 's booth at The Mane Event in Red Deer (April 29-May1,2011) and enter your name in our hourly draw for a chance to win 18 holes of golf at Greenhills Golf Course, "the best kept secret in Saskatchewan" according to Kelly Chase of the St. Louis Blues

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Grand River Agricultural Society Donates $15,000 toward Youth Program Partnering Equine Guelph And 4-H

posted by Horse Owner Today    |   April 4, 2011 14:15

 

 

 

Photo Caption:  New Online Learning Community for Youth

Photos by:   Provided by Equine Guelph

Equine Guelph is partnering with 4-H Ontario to develop an online learning community for youth.  New interactive learning tools will stress safety, health, welfare and careers in the horse industry.  Some of the topics youth will be able to discover online include: caring for horses and functional anatomy.   Grand River’s manager, Ted Clarke comments, The Grand River Agricultural Society has supported Equine Guelph and local 4-H for several years. Both have unique strengths and this combined initiative should make each program stronger while providing a great opportunity for both rural and urban youth to learn more about horses.”

 Gayle Ecker, Director of Equine Guelph thanks Grand River Agricultural Society for enabling this program to get off the ground, “This is the start of a long term program that we believe will have a major impact on youth who are interested in educational opportunities and a future working with horses.”  Additional funding will be required to complete this innovative online community program.   Stay tuned for the release date of this exciting new program.

 

Web Link:  http://www.equineguelph.ca/news/index.php?content=287

 

Notes to Editor:

Equine Guelph is the horse owners’ and care givers’ Centre at the University of Guelph.  It is a unique partnership dedicated to the health and well-being of horses, supported and overseen by equine industry groups.  Equine Guelph is the epicentre for academia, industry and government – for the good of the equine industry as a whole.  For further information, visit www.equineguelph.ca.

 

 

 

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Joe Jr’s Gesture Benefits Equine Guelph Education

posted by Horse Owner Today    |   March 28, 2011 16:24

 

Joe Muscara Jr. believes in giving back to the grass roots of the horse industry.  For a 2nd year, Joe has donated a Mr. Big breeding raising funds for Equine Guelph’s education programs.  These are the same programs that have helped Joe evaluate what works and what does not, on his successful journey into the Horse Racing Hall of Fame.

 

Joe comments on his recent experience seeing Equine Guelph’s introductory pathway to equine education, "I was fortunate to have spent a couple of hours at EquiMania! at the World Equestrian Games in Lexington, Kentucky. I saw hundreds of kids come through and watched their eyes get bigger! They love horses and learning about horses. Equine Guelph does a wonderful job giving children a chance to enjoy horses and all that they can do and I am glad that we could help out in some way."

 

Congratulations to Cliff & Kathy Coonfer in Olds, Alberta who won the breeding to Mr. Big with a winning bid of $5,700 in the stallion auction run by The Ontario Standardbred Adoption Society.  OSAS who raises money to assist in the placement of retired Standardbreds in the province, kindly included the breeding in their auction.  In return Equine Guelph has provided an online course to be auctioned off at an upcoming OSAS golf tournament, continuing the sow the seeds of lifelong learning.

 

To donate to Equine Guelph’s education program or for more information on online courses, go to www.EquineGuelph.ca.

 

 

By- Jackie Bellamy

 

 

Photo by:  Sharon Grose

 

 

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AHC National Issues Forum to Focus on New Tenor in Congress

posted by Horse Owner Today    |   March 28, 2011 16:21

American Horse Council Press Release

March 23, 2011 
Contact: Bridget Harrison
bharrison@horsecouncil.org

(202) 296-4031

The American Horse Council has announced that the theme for this year’s National Issues Forum is “Congress on a Diet: What It Means for the Horse Industry.”  

This year’s National Issues Forum will be held June 21 in Washington, DC during the AHC’s annual meeting.  The annual meeting will run from June 19 to 22 at the Washington Court Hotel and also include an update on the national equine health initiative, the Congressional Reception and the annual Congressional Ride-In.  This year’s meeting will also see the return of the AHC’s Breed Roundtable, a popular event that brings together leaders of horse associations to discus common issues of importance to the industry.   

The AHC’s various committees, including the Unwanted Horse Coalition, will also meet to discuss issues affecting the equine community.  

“The highlight of this year’s forum will be presentations from Members of Congress, staff and federal regulatory agencies on the new fiscal realities in Washington.  They will discuss how Congress’s efforts to deal with the country’s deficits may result in cut-backs to federal programs and spending that could affect the horse industry,” said AHC president Jay Hickey.  “There is a new paradigm in Washington that will affect all American industries, including the horse industry.”

As part of this year’s annual meeting, the American Horse Council is hosting a Breed Roundtable.  This event was an important part of previous AHC annual meetings and allowed leaders of horse organizations involved in various disciplines to visit with each other and discuss issues of common concern.  The AHC Board of Trustees believes it is important to reinstitute the Breed Roundtable this year because of the important issues facing the horse industry.  

Welfare issues, disease outbreaks, unwanted horses, and public relations are all concerns.  The number of people purchasing horses and participating in the industry is down.  As the country emerges from the economic downturn, many horse associations are wrestling not only with how to bring back people who have left the industry but also how to attract new owners, new participants, and new members.  The Breed Roundtable will provide an opportunity for industry executives to discuss these issues across breeds and disciplines and learn from each other.  

There will also be an update on the national equine health initiative.  “This initiative resulted from the USDA-AHC hosted workshop at last year’s National Issues Forum, which provided an opportunity for the horse industry, key federal and state authorities, and others to discuss a coordinated approach to the handling of serious infectious equine diseases that threaten the health of our horses and the commercial health of the industry,” said Hickey.

These outbreaks affect the interstate and international movement of horses, which is critical to the horse industry.  When barriers to movement are raised by states and foreign countries concerned about the spread of infectious diseases, this affects sales, breeding, racing, competitions and recreation.

The annual Congressional Ride-In will occur on Wednesday, June 22.  The Ride-In allows members of the horse community to meet with their elected representatives and their federal officials to discuss important issues affecting them.  All members of the horse community are encouraged to participate, even if you don’t attend the AHC convention.  “The Ride-In puts a face on the $102 billion horse industry and the millions of Americans who are part of it,” said Hickey. “The most effective way to affect Congress is through the voters, the horse people from back home who can tell Congress first hand about the horse industry in their respective states and districts and the issues that impact them.”  

The AHC will conduct a free briefing for Ride-In participants.  Anyone wishing to participate in the Ride-In should contact AHC Legislative Director Ben Pendergrass at bpendergrass@horsecouncil.org or 202-296-4031.

More information on these Forums and the entire AHC annual meeting, including registration and hotel information can be found on the Events Page on the AHC’s website, http://horsecouncil.org/events.php or by contacting the AHC.



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Federal Investment Supports Commercialization of Livestock Genomics Technology

posted by Horse Owner Today    |   March 16, 2011 16:31

Edmonton, Alberta

The Government of Canada is supporting the commercialization of new genomics technologies that will reduce costs, enhance product quality, and increase the international competitiveness of the Canadian livestock industry.


http://www.wd.gc.ca/eng/77_12751.asp

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Provincial and Territorial Equestrian Sport Federations join Equine Canada in a quest to give Canada a new and revised sport model.

posted by Horse Owner Today    |   March 16, 2011 14:39

 

The Saskatchewan Horse Federation

A N N O U N C E M E N T

On March 10 and 11, representatives from Equine Canada and representatives from all 10 Provincial Equestrian Asociations and the Yukon Territory met in Toronto. The session was mediated by SDRCC mediator Allan Stitt.

Following two days of very positive discussions, all of the parties have unanimously agreed to engage in further discussions with the goal of reaching an agreement that will result in six provincial equestrian associations re-joining Equine Canada.

The parties have agreed to form a Joint Steering Committee which will consist of two representatives of the six non member provinces, two from Equine Canada and two from the current member Provinces-Territories, all of whom are volunteers.

The Joint Steering Committee will be responsible for conducting a governance review based on the principles of a competency-based Board and an optimal participation of the Provincial/Territory Associations (PTA) in the governance structure. They will also clarify the roles and responsibilities of Equine Canada and PTA`s. A financial business model will be created on the principle that the PTA`s agree to support Equine Canada in some fashion. A professional expert in governance shall assist the Joint Steering Committee.

A significant agreement is that the decisions of the Joint Steering Committee, if unanimous, shall be binding upon all parties. If the Joint Steering Committee unanimously agrees on the governance structure, the roles and responsibilities and the financial business model, the non member provinces agree to become members of EC.

The Parties have agreed to finalize negotiations prior to August 1

st , 2011.

 

 

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