Tad Davis’ Tax Tips for 2013
For those attending the yearling sales, it is worth looking at the tax incentives that are available to a purchaser of a yearling this year. For a printable PDF, click [...]
Federal Bill Would Reduce Capital Gains Holding Period for Horses to One Year
Congressman Andy Barr (R-KY) yesterday introduced the Equine Tax Parity Act (H.R. 998). If passed, the legislation would reduce the capital gains holding period for horses from 24 months to [...]
2013 Investment Incentive Summary
Download a two-page summary of the 2013 investment incentives before you make your next bloodstock or equipment purchase. 2013 Investment Incentive Summary
Forbes: 2013 Brings Unexpected Tax Relief to Horse Owners
by Teresa Genaro, Forbes.com Not everyone was happy on January 2 when President Obama signed into law the American Taxpayer Relief Act, notably those whose first 2013 paychecks were smaller [...]
Tax Information for the Breeding Stock Sales
The Tax Relief Act provides an incentive through 2012 that may benefit those participating at the breeding stock sales this fall. A $125,000 Expense Allowance is in place for purchase [...]
Important Tax Information for Yearling Buyers
The Tax Relief Act of 2010 continues to provide significant incentives through this year for those making business investments. This bill passed in December 2010 and authorized these 2012 incentives [...]
Tax Bill Continues and Improves Benefits for Horse Owners and Breeders
Tax bill continues and improves benefits for horse owners and breeders On December 17, 2010, the President signed into law the high profile tax bill that extended the current income [...]
2012 Investment Incentives
2012 INVESTMENT INCENTIVES 50% BONUS DEPRECIATION – Applies to new qualified depreciable property that is purchased and placed in service in 2012. Example: An individual purchases five yearlings for $500,000 and [...]
Tad Davis Article – Buyer Benefits for 2012
BUYERS’ BENEFITS REMAIN STRONG IN 2012 "Expensing and bonus depreciation are not mutually exclusive. In fact, there are situations where both can apply to the same property." Two very beneficial tax benefits are [...]