Happy Tuesday! As of August 15, 2011, we now have a reported tax case arising from the infamous ClassicStar debacle. Not surprisingly, the precedent involves "bad facts" and is not helpful for other taxpayers who took part in a ClassicStar deal or similar deal. The following guest post on the opinion, entitled Van Wickler v. Commissioner, is
Employee v. Independent Contractor: Pitfalls of Misclassification (Part 2)
Hello all! I’m back stateside after a brief business trip to Germany. Unfortunately, the Equine Law Blog went "postless" last week due to a bad internet connection in the Hotel Dorint in Ausgburg, Germany. Hotel management reported to me that the bad connection was unavoidable and due to the fact that the walls of the hotel are about 2 feet…
Employee v. Independent Contractor: Pitfalls of Misclassification (Part 1)
Hey everyone! I hope you like this picture I took today at the "Reiterstadion" in Hannover, Germany. The yellow building (pictured) is a barn within the Hannover city limits that was built at the turn of the century for the Germany cavalry. Now it’s a boarding and training stable surrounded by indoor and outdoor arenas plus a small cross-country course.
For today we…
How Your Horse Business Can Survive an IRS Audit
There is a sense among equine tax professionals and tax lawyers that as of recently, IRS has begun to audit more horse businesses than ever before, and that the IRS is allowing fewer deductions and losses for taxpayers who run horse businesses.
If your horse business is audited, your first call should be to your…