The Equine Tax Group
AccountingPennsylvania, United States1 Employees
The Equine Tax Group is a small accounting firm based in Newtown, Pennsylvania, focused on addressing IRS-related issues for clients in the horse industry. Its services center on navigating audits, with emphasis on correcting misunderstandings by IRS agents about horse-related expenses and business activities, such as distinguishing trainer and stable operations from personal expenses. The firm also specializes in areas like hobby loss risk assessment, passive activity loss rules, and IRS collections issues, offering case-by-case analysis and guidance to help clients defend their horse business deductions. Target clients appear to be individuals involved in equine activities who face IRS scrutiny or penalties related to profitability, activity classification, and levies, and who benefit from log-keeping frameworks designed to substantiate their claimed expenses and time commitments. The company operates within the accounting industry, leveraging its niche expertise to address the unique tax considerations of equine businesses, and has a minimal in-house footprint consistent with a highly specialized practice.