Tag: internal revenue service
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Colorado attorney cannot deduct $300K racecar spending as business expense, 10th Circuit says
The federal appeals court based in Denver agreed on Monday that a Colorado attorney could not claim more than $300,000 in car racing expenditures as “ordinary and necessary” business expenses to be deducted from his taxes. The Internal Revenue Service began looking into the tax filings and non-filings of James W. Avery between 2008 and…
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Colorado lawmakers vote to give themselves a pay raise beginning in 2025
Colorado House Democrats on Thursday voted to boost the pay of General Assembly lawmakers beginning in the 2025-26 fiscal year, with those living in the Denver metro area getting substantially more in actual dollars and rate increase than policymakers who reside outside. The cost to taxpayers for the higher per diems is just shy of…
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Voice of the consumer: Don’t break the bank for back-to-school shopping
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save With many students returning to the classroom in person this school year, experts predict it will be a record-breaking year for back-to-school spending. According to a survey by the National Retail Federation, families with children in elementary through high…
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Voice of the Consumer: At long last, Colorado Springs nonprofit benefiting seniors to celebrate 50 years
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Silver Key Senior Services hit a big milestone last year: 50 years of serving the Pikes Peak region. A special gala was supposed to take place to celebrate, but because of the COVID-19 pandemic, the big event was rescheduled to this year. “We saved all…