Larry Rosenblum, President of The Equine Tax Group, spoke to Alfred University students on select topics in Equine Business and Taxation.
In the morning session, Larry’s presentation enabled the audience to understand the importance of having a business plan for business and tax purposes in farming or related agricultural businesses. The presentation walked the audience through each step of the process.
In the evening session Larry focused on select equine tax and tax audit issues.
Larry’s firm partners with taxpayers, C.P.A. firms, and Attorneys to resolve disputes with the Internal Revenue Service (IRS) and State Tax Departments, with a special focus on resolving section 183 (hobby loss) and section 469 (passive loss) issues in the equine industry.
Larry’s practice also includes IRS dispute resolution and general taxation issues, and Agriculture and Excise taxes. He possesses expertise in IRS Examination, Collection and Appeals procedures, and is an experienced witness in court cases and income reconstruction cases.