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Horse Appraisal Expert, Equine Litigation Consultant
NAES
4th Quarter 2017

NAES

-IRS Section 469

-Care, Custody or Control Insurance

-Eventing Injuries

-Spotlight

-Commentary

-About NAES

IRS Section 469
Its effects of the equine industry and those involved
We are all horsemen because of the passion we have for the special horses in our lives.

Most of us consider our time spent with the horses a hobby and some of us consider it to be a business.

Those who look at their time with the horses as a business need to be aware
of IRS Section 469.
NAES 4th Q 2017

This internal revenue code discusses passive activity losses and credits. A passive activity is a “business in which the taxpayer does not materially participate on a regular, continuous, and substantial basis.”
Article continues at this link

NAES

In this Issue

-IRS Section 469

-Care, Custody or Control Insurance

-Eventing Injuries

-Spotlight

-Commentary

-About NAES

Care, Custody or Control Insurance
NAES 4th Q 2017
Care, Custody or Control (CCC) insurance is a separate policy from standard Commercial General Liability (CGL) coverage. The purpose of Care, Custody or Control insurance is to provide coverage for anyone working with horses that do not belong to them. This includes those working in the following areas:

- Breeding
- Boarding
- Training
- Showing
- Racing

Let’s break down the three C’s for more specific understanding: “Care” is having temporary charge of the property, which in this case is the horse, such as showing or transporting. “Custody” is the keeping, guarding, or the general accounting of the property/horse, such as boarding. And “Control” is the ability to affect the property/horse, which includes training.

A stand alone or add-on policy such as this helps fill the void left by standard policies by protecting the individual against any legal liability concerning a non-owned horse in their care. Policies like these can cover the injury or theft of a horse under your “care, custody or control.” However, CCC policies do not always cover the death of a horse. Article continues at this link

NAES

In this Issue

-IRS Section 469

-Care, Custody or Control Insurance

-Eventing Injuries

-Spotlight

-Commentary

-About NAES


Eventing Injuries
The different opinions as to why we have seen an increase
There is a debate as to why a rise in injuries to both the eventing horse and rider has recently occurred.

Three day eventing competitors claim that this increase in the accidents is due to a paralleled inflation in novice competitors.

They believe that as the interest to the sport escalates more people enter the events, unaware of the skill needed and the risk involved.While others say that the riders are focused on qualifying for the next competition and loosing sight of the welfare of the horses.
NAES 4th Q 2017

Pushing them to hard can lead to fatigue and medical problems. Dr. Catherine Kohn, VMD, PhD, Dipl. ACVIM, researched equine fatalities in event horses between 1996 and 2008, and found 51 fatalities due to collapse or injury.
Article continues at this link

NAES

In this Issue

-IRS Section 469

-Care, Custody or Control Insurance

-Eventing Injuries

-Spotlight

-Commentary

-About NAES
Spotlight: Glory Ann Kurtz
NAES 4th Q 2017

From the moment Glory Ann Kurtz saw her first horse picture, she was in love with horses.

She read Black Beauty as soon as she was old enough to read and insisted that the librarian find her another book “just like that one.”

She also enjoyed writing stories and drawing pictures about horses. This love of horses and a love of writing blossomed into a future where she could incorporate both.
As an adult Glory Ann was put on an unexpected course starting with the loss of one of her three children and a divorce. This led Glory Ann to head for Texas – where all the horse action was. More about Glory Ann Kurtz on our website

NAES

In this Issue

-IRS Section 469

-Care, Custody or Control Insurance

-Eventing Injuries

-Spotlight

-Commentary

-About NAES
Commentary
This year has had its share of accomplishments and challenges and some will be remembered fondly. The one that stands out for me is the fact that the economy seems to be making a comeback. Since the horse world is made up of people who tend to pay more easily when business is sound, life is very good right now.

All of us who are in the horse business know all too well that the business we’re in is subject to the meanderings of the economy. I clearly recall the drop in the Arabian horse business when the US Congress removed the ability of the casual investor to use the horses as a way to get tax benefits.

Almost overnight the fancy Arabian stallion who just last Scottsdale show had sold for $500,000.00 and now the owner couldn’t get $5000.00, and the stories got even worse as folks simply turned their expensive horse in at their trainer’s. It took almost 10 years for that market to recover, and thankfully the prices came back to a more reasonable level.

And who can forget the massive floods which hit Florida, Texas and the devastation in Puerto Rico. The very good part of those floods was how well horse folks from all over the United States rallied around to help flood victims.
Of course, horse people are like that aren’t they?
Relief information is available at this link.


Here at NAES we’re going into our 29th year of helping the horse community with accurate horse appraisals and sound advice in all areas of buying and selling of the show horse.

We lost our favorite Doberman head of security, Mr. BJ but GOD has blessed us with a rescued Staffordshire, Mr. RECKER. He especially is cheery since he was less than 30 minutes away from being put down by the county……. Whew!
NAES
(Mr. BJ by NAES)
NAES
(Photo by Media People International)

NAES

In this Issue

-IRS Section 469

-Care, Custody or Control Insurance

-Eventing Injuries

-Spotlight

-Commentary

-About NAES



NAES' Email link

Web site:
www.northamericanequine.com

Address:
North American
Equine Services, LLC
35644 North 11th Avenue
Phoenix, AZ 85086-8704

About Dave Johnson
NAES
Dave started NAES more than 29 years ago with an eye to making sure all horse owners and those interested in horses could depend on NAES for the straight scoop on horses and valuations.

In addition, Dave is one of the busiest horse activity experts in North America.
Because of his long history of working with so many breeds and disciplines he's called upon to give his opinion in literally hundreds of legal cases and horse appraisals.

Dave is still an active horse show judge and, when time permits, continues teaching at his wife's nationally known stable, Willoway Farm, Inc.

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