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chart of monthly income and expenses, and tax summary report.
These records detailed the date of each transaction, the check
number, a description of the payee, the category of the expense,
and the amount of the expenses. There was also a space to write
additional notes regarding the expense.
During the years in issue, Mr. Rinehart also kept
computerized records of foaling dates. The foaling records
listed the name of the mare and stallion mated, the breeding
dates, the due date, the birth date, the color, the lineage, and
the sex of each foal. There was also a space for comments. Mr.
Rinehart also kept records of planned breeding of stallions with
specific mares.
Additional computerized records kept by Mr. Rinehart for the
years in issue include records of the horses purchased, sold, and
that died, and records of the maintenance14 performed on each of
his horses broken down by stallions, mares, and geldings.15
Before, during, and after the years in issue, Mr. Rinehart
prepared and filed with the American Quarter Horse Association
(AQHA)16 stallion breeding reports for his stallions. He also
14 The “maintenance” performed on the horses included
shoeing, worming, giving inoculations, trimming hoofs, and
floating teeth.
15 The maintenance records also contained the
lineage/pedigree of each horse.
16 During the years in issue, Mr. Rinehart was a member of
the AQHA.
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Last modified: May 25, 2011