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The American Horse Council announced that the new, up-to-date 2011 Horse Owners and Breeders Tax Handbook is available.  If you are involved with the horse industry you may need it soon.

Here are the topics covered in the Handbook:

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.  For the first time ever, the Handbook will be available as a CD.

It is written by Thomas A. “Tad” Davis of Davis & Harman in Washington DC, and is considered the most current source on equine tax laws.  Mr. Davis has a forty year background in this field.

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

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