can provide a wide array of tax related services to horse owners
and owners of equine businesses. These services include:
Representation In Audits and Tax Litigation. If you or your
business is under IRS attack, we can help. The same aggressive tax
smart representation that we provide on Hobby Loss cases is
provided to taxpayers in virtually all types of federal tax cases. We
can provide representation at audits, appeals, U.S. Tax Court, U.S.
District Court, and Federal Appeals Courts. As with the Hobby
Loss cases, we will not only represent you, but will attempt to get
reimbursement from the IRS for your costs whenever possible.
Estate Planning. Farms and ranches provide some unique estate
planning issues. Often it is the desire of the owner to pass these
properties on to one or more children. In these cases, care needs
to be taken to not only avoid taxation and costs, but to make sure
that the children that are receiving the property are capable to deal
with the responsibilities associated with the ranch. Lastly, if one
or more children are not actively involved in the farm operations,
it requires very careful planning to ensure that family strife does
not erupt due to disagreements between those involved in the
ranch and those not involved. These family problems can have
devastating personal and financial consequences and can be avoided
through proper estate planning.
Tax & Business Transactions. We can provide advice and
assistance in your business transactions such as contracts,
incorporation, leases, and other agreements. We can also help you
structure your business transactions to make them as tax efficient
as possible. For example, most horse owners are not aware that
the tax code has specific provisions that allow you to sell one
horse and buy another like-kind horse without paying tax.
Another example is the ability to sell your ranch or valuable
horse(s) today, have the seller pay the full price today, and pay the
taxes over the rest of your lifetime (instead of today). What you
don't know can cost you money. Let us help.
For clients in Idaho, Washington, or California we can provide
estate planning and business transaction services directly to you.
For clients in other states, we can associate with attorneys licensed
in your state that we already have relationships with, or we can act
as a consultant to your attorney to provide you the services that
you need.
Call 1-866-4-TAX-HERO (866-482-9437) today.
AGREEMENT TO THE TERMS OF USE, PRIVACY POLICY, AND THE COPYRIGHT & TRADEMARK NOTICE THAT IS
INCORPORATED BY REFERENCE HEREIN. If you do not agree to these policies, please do not use this site.
