Dean Dorton Webinar
Eclipse Awards Partner Dean Dorton to Host Tax Webinar, February 21
LEXINGTON, Ky. (January 23, 2019) - Dean Dorton, one of the largest CPA firms based in Kentucky and supporting partner of the 48th Annual Eclipse Awards, is teaming with the National [...]
Bipartisan Horse PAC® Supported Candidates Perform Well In Tuesday’s Elections
BIPARTISAN HORSE PAC®-SUPPORTED CANDIDATES HAVE STRONG SHOWING ON ELECTION DAY LEXINGTON, Ky. (Thursday, November 8, 2018) – The National Thoroughbred Racing Association (NTRA) today announced that 44 of the 48 federal [...]
Modernized Treasury/IRS Regulations Lead to Nearly 90% Reduction in Winning Pari-Mutuel Wagers Subject to Reporting and Withholding
FOR IMMEDIATE RELEASE Contact: Keith Chamblin at (859) 621-1120 or kchamblin@ntra.com MODERNIZED TREASURY/IRS REGULATIONS LEAD TO NEARLY 90% REDUCTION IN WINNING PARI-MUTUEL WAGERS SUBJECT TO REPORTING AND WITHHOLDING Winning [...]
NTRA Federal Legislative Briefing Covers Wide Swath of Industry Issues
An NTRA legislative briefing held Thursday at Fasig-Tipton Sales Paddocks provided updates on a diverse range of topics impacting Thoroughbred breeding, racing and handicapping. NTRA President and CEO Alex [...]
PROPOSED REGULATIONS RELEASED FOR IMPORTANT SMALL BUSINESS TAX BENEFIT
The U.S Department of the Treasury and Internal Revenue Service (IRS) has released proposed regulations for the 20 percent deduction allowed for pass-through businesses, a provision found in the [...]
THREE-YEAR RACEHORSE DEPRECIATION RETURNS RETROACTIVELY FOR FISCAL YEAR 2017
THREE-YEAR RACEHORSE DEPRECIATION RETURNS RETROACTIVELY FOR FISCAL YEAR 2017 LEXINGTON, Ky. (Friday, February 9, 2018) President Trump today signed into law the Bipartisan Budget Act, a bill that among other [...]
TOC Teleconference: Overview of New Tax Bill
January 11, 2018 Overview of New Tax Bill This update covers a number of areas, including aspects of the tax bill most pertinent to owners, breeders, trainers and [...]
TAX BILL BENEFITS THOROUGHBRED BREEDERS AND OWNERS, DOUBLES CERTAIN DEPRECIATION BENEFITS, RETAINS MISCELLANEOUS LOSS DEDUCTION FOR HORSEPLAYERS
FOR IMMEDIATE RELEASE Contact: Jim Mulvihill, NTRA Communications, (859) 422-2663, jmulvihill@ntra.com LEXINGTON, Ky. (Wednesday, December 20, 2017) – The Tax Bill cleared by Congress for President Trump’s signature contains [...]
A Horseplayers Perspective to the New Pari-Mutuel Regulations
by: Chris Larmey On Wednesday, the IRS announced new regulations regarding the withholding and reporting of pari-mutuel proceeds that will significantly help horseplayers and the entire racing industry. Just [...]