Do you have clients who own, trade or race horses with an international twist? The U.S. equine industry has expanded abroad, while foreign horse owners race and breed horses in the United States.
Familiarize yourself with the rules of U.S. international taxation impacting international equine activities so you can properly advise your clients in the structuring of equine operations and transactions.
Outline the rules of U.S. international taxation as applied to the equine industry.
Choose the best framework of analysis to advise clients with international equine activities.
Identify tools to help equine clients reduce their overall effective tax rate.
Sourcing of income on sales of horses, horse farms, and breeding rights.
Exclusion of income for trainers and jockeys working abroad.
Avoiding double tax on foreign operations via the foreign tax credit.
Withholding of income on U.S. payments to foreign horse owners.
Taxation of gains on the sale of U.S. horse farms.
CPAs and financial professionals.