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The Green Group's Business Advice for Thoroughbred Breeding Operations

Taxonomy: 
Equine
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Business Plan for Thoroughbred Breeding Operations


We are the #1 CPA firm in the thoroughbred industry with over 400 clients.

We have personal experience in breeding because we personally own 25-30 mares per year and have been in the thoroughbred industry for over 40 years.

We have had considerable success and our offspring have been named champions, as well as winning at least 100 stake races.

When you breed a horse, even if you sell it, you are eligible to receive Breeder’s Awards.

Equine Tax Update - Coming Down the Track

Taxonomy: 
Equine
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There are two items which will greatly benefit you and the industry.

  1. The Veterinarian Medicine Mobility Act

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.

Hobby Losses & Passive Activity in the Horse Industry

Taxonomy: 
Equine
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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: