Joel B. Turner
Joel, chair of the firm's equine law group, is involved in a full range of equine legal services; syndicate, co-ownership, partnership and limited liability company agreements, equine lending documentation, purchase and sale agreements, private and public placements, administrative hearings and appeals, gaming regulatory matters, tax and estate planning, and litigation. He is knowledgeable in racing legislation in the United States and is actively working with horsemen throughout the country to attend to the needs of breeders, owners and trainers. His knowledge of the horse industry allows him to handle legal problems within that industry efficiently and successfully.
Licensed Thoroughbred Owner/Trainer
Adjunct Professor 2005-2008 - University of Louisville Equine Administration Program; Instructor - Stewards Accreditation Program
Speaker: The University of Kentucky National Equine Law Conference (Conference Chairman)
Instructor: Oak Tree/Santa Anita Stewards Accreditation Short Course and the ARCI Drug Testing and Quality Assurance Program. TOBA
New Owners Seminar Speaker for 2003, 2004 and 2005.
Joel, his wife and his family currently live on a small thoroughbred farm in Prospect, Kentucky, where they maintain broodmares, raise foals and sell yearlings or two-year-olds at various venues in Kentucky and Florida.
He also organizes pinhooking and racing co-ownerships, LLCs, and races certain of his home-breds in Kentucky.
Highlights & Recognitions
- Peer Review Rated, Martindale-Hubbell®
Memberships & Affiliations
- American Bar Association
- Kentucky Bar Association
- Louisville Bar Association
- American College of Equine Attorneys, President
- University of Kentucky National Equine Law Conference, Chairman 2006 - 2009
- KBA Equine Law Section, Chairman, 2001- 2003
- Kentucky Thoroughbred Owners, former President
- Thoroughbred Club of America, KTA and TOBA, Member
- American Horse Council, Tax Bulletin Advisory, Committee Member
Recent Blog Posts
- Horse Owners’ Ability to Utilize a Section 179 Deduction Against Income from Multiple Active Trades or Businesses
- New Audit Technique Guide for Conservation Easements Issued By the Internal Revenue Service
- Stallion Management: National Perspectives: Due Diligence Today Can Prevent Surprises Later
- Veterinary Exams: Prepurchase – Top Ten Recommendations/Do It Right The First Time
- Farm Bill Passes; Significant Changes Benefit Horse Business
- Boarder Beware!
- Thoroughbred Daily News - Letter to the Editor
- Big Brown deal includes incentives, IEAH controlling interests
- It Just Is
- Equine Opportunity Act
- Liability of Agent(s) of Buyer of Bloodstock for Taking Undisclosed Kickbacks from Sellers or Consignors
- Tax Planning Opportunity
- Important New Tax-Saving Ideas for Horsemen
Non-FBT Publications and Events
Speaker: "Liability of Agent(s) of Buyer of Bloodstock for Taking Undisclosed Kickbacks from Sellers or Consignors"
Kentucky Bar Association, Equine Section (October 12, 2005)
Speaker: "Like Kind Exchanges of Equine Assets: An Often Overlooked Tax Planning Opportunity"
National Conference on Equine Law at the University of Kentucky (May 2000)
Speaker: "Equine Industry Report: Medication Issues and Varying Treatments of the Split Sample Rule"
National Conference on Equine Law at the University of Kentucky (May 1994)
Author: We Need To Modify The USEF Equine Drugs and Medications Rules; They need to be updated to reflect the exponential advances in modern day drug detection technology
The Chronicle of the Horse, January 19, 2015
Author: Beware Horse Owners, Breeders and Trainers! IRS Issues Advice on Reporting Requirements for Payments to Veterinarians Made by Taxpayers in the Course of Their Trade or Business
American Horse Council Tax Bulletin #368, March 2014
Author: American Taxpayer Relief Act Averts the Fiscal Cliff, Extends Significant Benefits to Horse Businesses
American Horse Council Tax Bulletin #361, January 2013
“Never Fear, the Tax Man’s Here!”, From the Horse’s Mouth Magazine (April 2009) interview by Lisa Kemp
“Leasing Racehorses/Federal Tax Considerations: Avoiding Re-Characterization”, American Horse Council Tax Bulletin (March 2009)
Author: "Tax Equity Act," a news feature discussing legislation pending before the U.S. Congress with tax provisions favorable to the horse industry appearing in The Blood-Horse Market Watch, (November 18, 2005)
Author: "Equine Industry Client Alert"
Jobs and Growth Tax Relief Reconciliation Act of 2003
Author: "Tax Planning Opportunity"
A news feature on the 2003 tax Act and the favorable provisions for the equine industry, in The Blood-Horse (July 12, 2003)
"Warranties: The Purchase and Sale of Equine Assets,"
10 Louisville Lawyer 10 (Spring 1990)
"Thoroughbred Horse Racing and Breeding as a Tax Sheltered Investment: Recent Tax Law Developments,"
13 Golden Gate University, L. Rev. 399 (1983)