Delaware seeks to eliminate hidden ownership.

[bond]

"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]

where are they asking for this? On the application to race?

[VoiceofRCR]

 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]

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]

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?

[The Exporter]

http://www.harnesslink.com/International/Delaware-Commission-shocks-horsemen-in-letter

[Sam R]

Sounds like Tony Morgan will have problems

[TWOGOLDTEEFS]

Sounds like Tony Morgan will have problems

Noah needs to start getting stalls ready in buckeye

[Powerful Patricks Ghost]

IF Taylor is serious he better hope he never gets audited

“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]

And the Trunk Doctor will have some real big problems if he's ever pulled over and that trunk is search !!!

[hoosierboy]

Sounds like Tony Morgan will have problems

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

[Larrylou32]

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]

Does anyone know the due date for all the ownership paperwork to be submitted to the track

[Larrylou32]

Does anybody know whats going on with this? Are the horseman being cooperative?

[spaheaven]

Lmao, Delaware, the king of hidden ownership llc's