A tax law attorney said May 5 that a recent federal court decision expanded the number of arguments attorneys can make when trying to make a case that a client is running a horse operation as a business as opposed to a hobby.
New York Racing Association president Chris Kay provided some good news April 29 when he outlined changes that helped fuel a profitable year at NYRA in 2014.
Kentucky Horse Racing Commission general counsel Susan Speckert outlined industry challenges regarding testing labs April 29 at the National Conference on Equine Law in Lexington.
Owner/breeder Stefan Tolin prevailed in a decision on passive loss rules in U.S. Tax Court even though he resided far from the horse operation.
- By Ryan Conley
Attorneys arguing about drug testing policies and procedures may differ in their opinions about the applications of such high-profile systems, but they agree that the landscape in which they work has changed.
- By Ryan Conley
It wasn't quite like the old joke about a hockey game breaking out at a fight, but a lively mini-debate over what role the federal government should have in legislating horse racing sprang up April 29.
A decision on whether to call a special legislative session -- one that could include alternative gaming and relief for the horse industry -- will be made in a few weeks, Kentucky Gov. Steve Beshear said April 29.
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