In any IRS audit of horse activities, one issue will be the extent to which the taxpayer has advertised horses for sale. Advertising is considered to be an effective type of promotion to attract customers, and if you do not advertise or otherwise promote the sale of your horses, the IRS will argue that you are not engaged in a business because you don’t care about selling your product. This is true whether your field involves race horses, show horses, or stud services.
The convention was held at the Savannah Marriott Riverfront Hotel.For the first time in years the American Saddlebred Horse Association and American Hackney Horse Society both held their annual conventions in conjunction with the United Professional Horsemen’s Association National Convention in Savannah, Georgia. The event raised many questions, provided some answers, and stirred lots of thought as the leaders from numerous organizations worked together to combat the many challenges facing the show horse industry … and have some fun in the process.
The schedule was filled with annual meetings for each organization, as well as forums, presentations and awards luncheons throughout the day and an awards banquet each evening, culminating with the “Midnight In The Garden Of Good And Evil” Masquerade Gala Saturday night.
Out of the event rose new officers, including the new UPHA president Tammie Conatser, as well as the newly-formed UPHA Education and Social Media committees. A silent auction and many exhibits were available throughout the week, as well as family-friendly events such as the narrated trolley tour of Savannah, which took place Friday afternoon and was free to convention attendees.
Saddle & Bridle’s first General Sire Rating was published in 1931, and quickly became a powerful tool for breeders, but by the early 1940s it had become apparent that an additional rating was needed to honor younger stallions – those whose get were still competing in futurity classes and open classes for horses under the age of two. This new rating was called The Breeding Division, and it became so invaluable that a new point system was even put into place. In 1948, an additional rating was added solely for futurity sires; it utilized the same point system as The Breeding Division, and since the discontinuation of The Breeding Division in 1950, has stood the test of time alongside the General Sire Rating (now called the Performance Sire Rating), guiding breeders to make informed decisions and aiding them in their quest to produce American Saddlebreds of both quality and purpose.