Cracking the Tax Code
The United States’ tax code is written in a special dialect—call it “taxspeak”—that is nearly incomprehensible for most people. One way to make sense of taxspeak is to study the subject until you master it, but that takes substantial time and effort. A more practical approach is to find someone who already knows the language and can decipher it for you. B. Paul Husband is a Burbank, California, attorney with a rare talent: He knows the tax code and, more importantly, he can explain what it means without resorting to taxspeak. In this article he will help us interpret some of the important tax provisions affecting the horse industry.