July 4, 2007
The Fine Line Between ‘Entrepreneur’ And ‘Tax-Dodger’
Tracey Topping convinced the IRS that her horse expenses were deductible because of her work designing horse barns.
Topping, who had been competing in equestrian events since the age of 12, decided to parlay her strengths into a business designing horse barns and homes. Participating in horse shows gave her name recognition and access to “the exceptionally wealthy families who participate in the upper realms of the equestrian circuit.”
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title="The Fine Line Between ‘Entrepreneur’ and ‘Tax-Dodger’"
>The Fine Line Between ‘Entrepreneur’ and ‘Tax-Dodger’
