LEGALLY SPEAKING

Dec 20, 2007
June 13, 2005 Perhaps the earliest tax case that made a serious impact on the manner of conducting activities in the livestock and horse industry was Bessenyey v. Commissioner Internal Revenue (2nd Circuit; l967). This case was unusual because it was a decision by the Second Circuit Court of Appeals concerning an appeal from a Tax Court case insofar as it denied the deduction of losses incurred in the breeding a...

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