This month's column in the Thoroughbred Daily News article explores the Sections 199A deduction that you may qualify for!
Read more here: https://www.thoroughbreddailynews.com/proven-strategies-the-2018-tax-acts-hidden-gem-that-may-save-you-money/
Contact us at 732-634-5100 to take advantage of our one-hour free consulation for readers of this column.
The Green Group thoroughly enjoyed engaging with our long-time clients and meeting new horse owners, jockeys, farm owners, and others related to the equine industry!
We had the pleasure of spending 3 days in Lexington, Kentucky at Fasig-Tipton's October Sale from October 22nd to October 24th! This event turned out to be a perfect collaboration for our accounting and consulting firm that specializes in the thoroughbred industry.
Check out the article written by BloodHorse on our event partnership with Fasig-Tipton:
Congratulations to Chad Brown on winning Trainer of the Year at the 47th annual Eclipse Awards.
We are extremely proud to be a part of his team and it was a true honor to have Jim Benkoil and The Green Group acknowledged for their services in his acceptance speech.
The Green Group is grateful for the dedication Jim provides to all our clients and his unparalleled expertise for serving the equine industry!
There are two items which will greatly benefit you and the industry.
This will allow veterinarians to transport, administer and dispense controlled substances and medications while outside of their registered offices and hospitals.
This will ensure our equine veterinarians the ability to provide their professional services to farms, training facilities and race tracks.
Congratulations to our clients who had horses running in The Breeders' Cup 2013!
The Classic
Paynter
Last Gunfighter
The Sprint
Justin Phillips
Fast bullet
Sum of the Parts
Turf
Do you know what the IRS is looking for?
Is there a secondary issue that the IRS raises (passive)?
When it comes to auditing hobby losses, especially in the horse industry, many people are not aware of what the IRS is looking for. This article serves the purpose of giving you some insight as to what the IRS wants as proof and how they go about preparing for their audit.
IRS examiners consider the following in their pre-audit analysis:
Len Green recently collaborated with Forbes about the tax issues people in the horse industry are facing.
“They told me you can’t make a living in horse racing,” he said by phone from his office in New Jersey. “I set out to prove them wrong."
Read the full article here:
Horse Owner Tax, Business and Advisory Alert
Executiveprivilege – Eclipse Nominee 2013
