Modular Barns

Thursday, September 4, 2008

Hobby or Business? Defining your Equine Venture

Ever wonder....?

According to the Internal Revenue Service, if your main objective is to make a profit, then you are considered a legitimate business.

Many people involved within the horse industry often do not view their small horse operation as a business. They are surprised to learn that you do not have to own a large facility or have several years of experience to be considered an equine business. According to the Internal Revenue Service (IRS), if your main objective is to make a profit, then you are considered a legitimate business.

To read more
follow through here:
Article from The Horse.Com
The Horse.Com, Hobby or Business

And Don't forget to listen to the Tax-Teleseminar






1 comment:

  1. People should`nt be surprised to learn that their operation qualifes as a business.Thanks for making people more aware about what their doing.

    ReplyDelete

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