The United States Equestrian Federation is pleased to announce that the 2016 Eventing 18 Program outline and application are now available. The Eventing 18 Program is the beginning of the athlete pipeline and aims to build a foundation of future horsemen and women that will hopefully go on to represent the United States. Selection into the program will be based on talent, competitiveness, commitment, and potential.
For the first time this season, South Carolina is the nation’s No. 1 collegiate equestrian team according to the latest national team rankings from the National Collegiate Equestrian Association, as determined by the NCEA Selection Committee and announced on Tuesday.
The bleachers were full and the grass berms surrounding the Ocala Horse Properties Stadium were lined with spectators for Sunday’s $50,000 Ring Power Grand Prix, and fans were treated to an exciting class with a race to the finish. Kristen VanderVeen from St. Charles, Illinois, came out on the top with an all-out gallop to the finish on Bull Run's Faustino de Tili.
By John Alan Cohan, Attorney at Law
Often enough taxpayers who are audited in connection with their farming or livestock activities are questioned on the issue known in the tax law as the “material participation test.” Under this legal test, you are permitted to deduct losses against outside salary and wages only if, among other things, you “materially participate” in the activity. Many duties, such as training of animals, showing of show horses and racing of race horses, are delegated to qualified experts, and sometimes the IRS will question the validity of your own participation in decisionmaking, in an effort to say you have failed to meet the material participation test.
In response to feedback from its membership, the United States Equestrian Federation Board of Directors took the following actions in order to improve the process, procedures, and fairness of competition licensing.
The first action that the Board adopted toward these improvements will take effect immediately. The Federation office will no longer issue competition licenses extending beyond a one-year term, allowing the Board time to evaluate the mileage rules and the criteria for issuing and renewing competition license agreements. Existing multi-year license agreements will be honored.