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Issues Frequently Raised in IRS Audits

by John Alan Cohan, Attorney at Law   IRS agents are individual people with varied experience and seniority. Often, it is necessary to “educate” an auditor on an industry with which they are not familiar – such as the horse or livestock industry. If you are audited in connection with …

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Concerns for Horse Activity IRS Audits

7 Potential Pitfalls for Horse Businesses by John Alan Cohan, Attorney at Law   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 …

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The Return of Horse Syndication

Syndication

What You Need to Know About Joining a Syndicate by John Alan Cohan, Attorney at Law   Horse syndication is a way of getting involved in racing, breeding or competing on a much higher level than individual ownership. The tax court has recognized that horse racing or breeding is a …

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