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horse racing

05.03.2016

Win big at the track? Congratulations! Now pay your gambling taxes

By Nathan Vinson, Attorney English, Lucas, Priest and Owsley, LLP We’ve written previously about gambling taxes, highlighting this issue mainly because of the affection Kentucky has for horse racing. And as you well know, we’re in the midst of horse racing season. Keeneland had its spring meet, and Churchill Downs is now open for the season, with the Kentucky Derby set for May 7. This will be followed by the Preakness in Baltimore and the Belmont Stakes in New York, and the Breeder’s Cup in November in California. Lots of us love to put a little dough (or a lot!) down on a horse at the track. There was some talk earlier this year of lowering the threshold at which tracks were required to report winnings to the IRS, but that never moved forward, so far as we can tell. Read More

04.27.2016

Kentucky Derby party fall case sent back to lower courts for more proceedings

 Businesses and landowners have a responsibility to keep their property safe for visitors. Of course, not every accident will result in a finding of liability because the plaintiff must prove that the defendant knew or should have known about the dangerous condition that caused the fall or other injury and should have taken reasonable steps to prevent harm to those who would be expected to come onto the property for a business purpose or as a social guest. Commonly referred to as "premises liability" or "slip and fall" cases in the legal system, lawsuits arising from injuries on business property or another person's land are often hotly contested by the owner of the property where the accident occurred. Often, the defendant will seek the dismissal of the case early in the process, and the court must decide whether the plaintiff has enough evidence to go to trial. Read More