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SIC Industry: 7948 Racing, Including Track Operation | NAICS Association
https://www.naics.com/sic-industry-description/?code=7948#:~:text=Industry%3A%207948%E2%80%94Racing%2C%20Including%20Track%20Operation%20%20%20,%20%2020%20%2024%20more%20rows%20
What is the business code for horse boarding,riding and training?
https://ttlc.intuit.com/community/business-taxes/discussion/what-is-the-business-code-for-horse-boarding-riding-and-training/00/466321
What is the business code for horse boarding,riding and training? Horse training, Horse boarding. Topics: TurboTax Home & Biz Windows; 0 1 5,979 Reply. 1 Reply Lisa995. Level 12 June 4, 2019 4:48 PM. Mark as New; Bookmark; …
SIC Industry: 7948 Racing, Including Track Operation | NAICS …
https://www.naics.com/sic-industry-description/?code=7948
NAICS Code: 711219 Other Spectator Sports - NAICS Association
https://www.naics.com/naics-code-description/?code=711219
Top Businesses by Annual Sales for 711219 – Click for Complete Profiles: Centaur LLC Indianapolis IN. Empire Resorts Inc Monticello NY. Hendrick Motorsports LLC Charlotte NC. Youbetcom Inc Burbank CA. Golf Management Solutions LLC The Villages FL.
NAICS Code 112920 - Horses and other equine production
https://siccode.com/naics-code/112920/horses-equine-production
Establishments primarily engaged in: Establishments primarily engaged in equine boarding are classified in NAICS Code - 115210 - Support Activities for Animal Production. Equine owners entering horses in racing or other spectator sporting events are classified in U.S. NAICS Code - 711219 - Other Spectator Sports..
NAICS Code 711219 - Other Spectator Sports
https://siccode.com/naics-code/711219/spectator-sports
NAICS Code 711219 Description. This U.S. industry comprises (1) independent athletes, such as professional or semiprofessional golfers, boxers, and race car drivers, primarily engaged in participating in live sporting or racing events before a paying audience; (2) owners of racing participants, such as cars, dogs, and horses, primarily engaged in entering them in …
Horse Business - Horse Hobby - IRS Guidelines - Allen …
https://www.eqgroup.com/Library/irs1/
Section 183 of the Internal Revenue Code provides that if a horse business engaged in by an individual, partnership or subchapter S corporation shows a profit in two years within a seven year period (beginning with the first profit year), it will be presumed to be engaged in for profit, with a separate special election available for a new enterprise.
Tax Code Changes That Benefit the Horse Industry
https://www.thoroughbreddailynews.com/tax-code-changes-that-benefit-the-horse-industry/
Below please find a summary of the most relevant items and how they affect the horse business: 1. Prior to the recent update, the tax law capped business losses at $250,000 for single taxpayers ...
Principle Business Activity Codes: List of IRS Business Codes - Intuit
https://proconnect.intuit.com/articles/principal-business-activity-codes/
This list of Principal Business Activities and their associated codes is designed to classify an enterprise by the type of activity in which it is engaged to facilitate the administration of the Internal Revenue Code. These Principal Business Activity Codes are based on the North American Industry Classification System.
Avoiding IRS Tax Audits | CTBA
https://ctba.com/avoiding-irs-tax-audits/
The Schedule C Form requires you to enter an occupational code number for your business. The correct number for Thoroughbred Racing and Breeding is 711210. Failure to enter this number on the Schedule C can get you an IRS Audit. Each Race Track sends you a Form 1099 at year end showing your gross purse earnings. They also send the IRS a copy of the Form 1099.
Equibase | Codes and Definitions - Horse racing
https://www.equibase.com/newfan/codes.cfm
A superscripted number by the horse's weight is the appentice allowance (the "bug") A superscripted number by the turf course symbol indicates the turf rail setting in feet. Workout Codes "b" means "breezing". "bg" means "breezing from the gate". "h" means "handily". Track Conditions. Turf Conditions:
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