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Home » Archives by category » Editorial (Page 3)

Tax Matters – Things To Look Out for in Audits of Horse Activities

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Tax Matters – Things To Look Out for in Audits of Horse Activities

The U.S. House of Representatives is considering a resolution to impeach IRS Commissioner John Koskinen for violation of the public trust, failing to comply with congressionally issued subpoenas, and misleading the public over IRS practices of targeting conservative groups in audits.

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Gil Galyean – NSBA’s First Million-Dollar Man

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Gil Galyean – NSBA’s First Million-Dollar Man

Congress wins are always memorable; but for Gil Galyean, the 2015 Quarter Horse Congress will stand out for a very special reason. It was during the Congress that he became the first rider in NSBA history to record more than $1 million in earnings. As scores were tallied during The Equine Chronicle Masters Two-Year-Old Western Pleasure class, a ceremony to mark his achievement was held in the center of the arena.

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Mike & Joanne Garnett – Horse Life

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Mike & Joanne Garnett – Horse Life

Mike and Joanne Garnett of Lincoln, Nebraska are a powerhouse couple in the AQHA Select Amateur arena, yet they are quick to flash a smile and always ready to cheer on their fellow exhibitors. Horses brought these two together and continue to be the focal point of a successful marriage and a fulfilling lifestyle.

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Cody Parrish- Young, Up-and-Coming

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Cody Parrish- Young, Up-and-Coming

From the very beginning, there was little doubt Cody was on an upward trajectory in the industry based on his career as a youth competitor. Growing up on the family’s beautiful 64-acre farm in South Georgia, he was in the saddle from the time he could sit up.

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Tax Matters – Horse Syndications Are Coming Back?

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Tax Matters – Horse Syndications Are Coming Back?

The Tax Court has recognized that horse racing or breeding is a highly speculative venture, but that “an opportunity to earn a substantial ultimate profit in a highly speculative venture is ordinarily sufficient to indicate that the activity is engaged in for profit even though losses or only occasional small profits are actually generated.”

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From The Publisher

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From The Publisher

The holiday season has come and gone and as we enter the 2016 breeding season, the business of breeding horses is in full swing. Babies are born, breedings are booked and broodmares are made ready, all with thoughts of the 2017 foal crop and the next “great one”.

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Cover Story – Mechanic

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Cover Story – Mechanic

Stallion owner Sandra Morgan echoes a popular sentiment when she describes meeting her 16.1 hand, handsome hunk of a horse known as Mechanic. “I’ve always loved Mechanic since the first time I set eyes on him,” she says.

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Foot Fractures

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Foot Fractures

There are three bones inside the horse’s foot—the coffin bone (3rd phalanx), the lower end of the short pastern bone (2nd phalanx) that attaches to the coffin bone, and the small navicular bone that sits behind the coffin bone. These bones articulate together in the coffin joint. Of these three bones, the one most commonly fractured is the coffin bone.

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Sneak Peak – New Horse & Rider Teams for 2016

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Sneak Peak – New Horse & Rider Teams for 2016

Each New Year brings about new beginnings. In the horse world, the turning of a calendar page brings excitement for a fresh show season with many newly formed horse and rider teams making their debuts. In 2016, these four teams will strive to compete with the best of the best with the hopes of growing together and achieving their lifelong goals.

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Equine Collectors

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Equine Collectors

All horse people accumulate a lot of trappings related to their passion, but there are some who take buying equine items to another level: the collectors. Whether it’s beautifully tooled bits, antique saddles, braided rawhide, or halters, interest in the history, artistry, craftsmanship, and design of these pieces is on the rise.

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