Author Topic: Delaware seeks to eliminate hidden ownership.  (Read 10933 times)

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bond

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Delaware seeks to eliminate hidden ownership.
« on: June 07, 2018, 01:05:04 PM »
"What they are asking for includes showing the purchasing and selling prices on all horse; record of payments from racetracks; documentation of payments to all owners; training bill to all owners, bank statement, tax returns, 1099’s and W-2’s and the list goes on and on, more than 20 items are being asked for."


Must be a serious problem for them to want so much detail.

Surely they can trim it down enough to root out the cheaters without having this much information handed to them

Larrylou32

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #1 on: June 07, 2018, 01:37:53 PM »
where are they asking for this? On the application to race?

VoiceofRCR

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #2 on: June 07, 2018, 01:44:42 PM »
 The enforcement and collection of this data is a lot to put on any type of state regulatory folks. The Manpower will be extraordinary. If they pull it off, god bless them.

The Exporter

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #3 on: June 07, 2018, 02:01:30 PM »
The State should be able to handle it. I would assume it is done more as a deterrent than an actual audit. If you are a common beard, you prolly don't have the funds or desire to challenge.

Larrylou32

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #4 on: June 07, 2018, 04:56:26 PM »
The State should be able to handle it. I would assume it is done more as a deterrent than an actual audit. If you are a common beard, you prolly don't have the funds or desire to challenge.

Thanks for the information. Do you know when I will have to provide this?


Sam R

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #6 on: June 08, 2018, 10:48:27 AM »
Sounds like Tony Morgan will have problems

TWOGOLDTEEFS

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #7 on: June 08, 2018, 11:21:25 AM »
Sounds like Tony Morgan will have problems

Noah needs to start getting stalls ready in buckeye

Powerful Patricks Ghost

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #8 on: June 08, 2018, 12:27:55 PM »
IF Taylor is serious he better hope he never gets audited

Quote
“I am going to comply to the best of my ability within reason,” Taylor explained. “They say in the letter that they are looking for is hidden ownership. I am not going to give them a lot of items including my tax returns. I don’t keep 1099’s and I don’t know what my accountant does with them.

FLEAMAN

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #9 on: June 09, 2018, 08:37:06 PM »
And the Trunk Doctor will have some real big problems if he's ever pulled over and that trunk is search !!!

hoosierboy

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #10 on: June 09, 2018, 10:38:26 PM »
Sounds like Tony Morgan will have problems

Tony has been doing it for years he’s a professional has nothing to worry about

Larrylou32

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #11 on: June 10, 2018, 01:42:33 PM »
Tony has been doing it for years he’s a professional has nothing to worry about

Tony Morgan and all the other Delaware imports

Larrylou32

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #12 on: June 20, 2018, 03:00:05 PM »
Does anyone know the due date for all the ownership paperwork to be submitted to the track

Larrylou32

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Delaware hiddenownership
« Reply #13 on: July 22, 2018, 10:51:47 AM »
Does anybody know whats going on with this? Are the horseman being cooperative?

spaheaven

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Re: Delaware seeks to eliminate hidden ownership.
« Reply #14 on: July 22, 2018, 06:12:27 PM »
Lmao, Delaware, the king of hidden ownership llc's

 

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