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VERMONT HORSE COUNCIL MEMBER BENEFITS |
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| All
Memberships: •Receive
quarterly newsletter with calendar of events, free classified ads, and area news. |
Club,
Business, and Farm Memberships: •Free
listing in the newsletter
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After
we receive your membership application, you will receive a Welcome Packet from
our membership committee, which includes:
·
Welcome Letter from President
· Membership Card
· Riding
& Driving Program Information
· VHC Scholarships information
· Recent Newsletter or Newsflash
· Chart of Contacts
Contact:
Membership Chairman
Terry Rose,
146 Bent Hill Road
Braintree, VT 05060
The Vermont
Horse Council is a 501c(3) nonprofit organization. Contributions are tax deductible.
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Cliff Murray and Floyd Fuller Memorial Scholarship Fund
The Vermont Horse Council is dedicated to the support of our youth in the equine world. One method of reaching that goal is to provide financial support to young people wishing to obtain advanced training in equine studies or in occupations which are in direct support of the horse industry.
The VHC has the Cliff Murray & Floyd Fuller Memorial Scholarship for college bound young people pursuing a degree in any animal science field. This scholarship is administered by VSAC and selected and awarded by the Vermont Horse Council scholarship committee. Cliff and Floyd were founding members of the council and they were both dedicated to helping interested young people experience horses.
Basis of Program
1. A scholarship minimum of $250 will be awarded annually.
2. The chosen school must provide a quality education in equine studies or related program and must meet with the approval of the VHC Scholarship Committee.
3. The scholarship will be paid directly to the recipient. If the recipient is unable to use the scholarship immediately, it will be held for two years in the recipient s name.
4. Applicants must be Vermont residents. Previous recipients of this scholarship are ineligible to compete again.
5. The application for a scholarship will include:a. Resume with your name, address, phone number, parent(s) name, address, phone number, schools attended and grades, and work experience, if any.
b. Letter giving your history of involvement with horses, community service and other activities, and your future plans.
c. Two letters of reference. One must be from an experienced horse person who can attest to your interest in equine studies and your talents with horses; and one may be from your guidance counselor or an instructor from an academic or equine related environment.
1. A scholarship committee of three impartial persons shall make the selection of those to receive the funds.
2. Selection will be based on the student s ability and aptitude for serious study, community service, leadership, financial need and achievement with horses. The scholarship committee can decide to award multiple scholarships if they have several deserving applicants.
3. Applications must be postmarked by August 15.
4. Send your complete application material to:Lynn Beebe
VHC Scholarship Chair
6495 Rte 12A
West Braintree, VT 05669
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Youth and 4-H Scholarships
This scholarship can be used for any equine activities for youth or 4-H’ers in Vermont. The amount is appropriated by the scholarship committee and can be up to half of the event total. Applications are accepted at any time. For more information and an application click here.
American Horse Council / Legislative Committee
August 2010
© 2010 AHC
2010-4
Tax Bulletin No. 347
COURT HOLDS DRESSAGE HORSE ACTIVITY NOT A BUSINESS
Betts v. Commissioner, T.C. Memo. 2010-164
By: Thomas A. Davis, Esq., Davis &
Harman LLP,
The taxpayer first became involved in her dressage horse activity in 1992 when she purchased a mare and bred her twice before the mare became too old. She purchased a ranch in 1995 where she conducted the horse activity. She quit that activity in 1997, but stayed on the farm and continued her involvement with horses, particularly her commendable volunteer work with the therapeutic riding center. She deducted losses of $33,336 in 1996 and $20,225 in 1997 from the horse activity on her 1996 and 1997 tax returns. The IRS audited those returns and accepted the deduction of the losses from the horse activity. READ MORE
A Planning Idea for
Dealing with Higher Tax Rates
By Robert B. Dale, III, CPA
It is almost certain that income tax rates are going to be increasing in the coming years. As a result, horse owners and breeders need to start thinking about ways to minimize the increased tax liability that will result from these higher tax rates. One way to take advantage of the higher rates is to defer the deduction of depreciation. READ MORE
2010 HORSE OWNERS
AND BREEDERS TAX HANDBOOK COMING SOON!
The 2006 Horse Owners And Breeders Tax
Handbook has sold out. The 2010 Edition of the Horse Owners And Breeders
Tax Handbook will be available in the coming months. If you would like a
copy (or copies) held for you, please send your name, phone number, email,
and number of copies desired via email to
ahc@horsecouncil.org.
Copyright 2010. All rights to this AHC Tax Bulletin No. 346 is retained by the American Horse Council. No reproduction or distribution of this Tax Bulletin is permitted without prior written consent of the American Horse Council.
The AHC Tax Bulletin is a digest of current tax developments affecting the horse industry. The AHC Tax Bulletin is for informational purposes only and not intended to take the place of professional tax counsel.
Editor-in-Chief
Thomas A. Davis, Esq
Davis and Harman
Washington, DC
www.davis-harman.com
AHC Tax Bulletin Advisory Board
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Robert B. Dale, III, Esq Yount, Hyde & Barbour, PC www.yhbcpa.com |
B. Paul Husband, Esq |
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John Kropp, Esq Graydon, Head & Ritchey www.graydonhead.com |
Douglas Romaine, Esq |
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Joel B. Turner, Esq Frost Brown Todd www.frostbrowntodd.com |
Bruce Oberfest, Esq, CPA
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