Tag: Racecar
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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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SCENES FROM | Practice for the 2023 Broadmoor Pikes Peak International Hill Climb
Sights and sounds during the second day of practice on the middle and upper sections of highway for the 101st running of The Broadmoor Pikes Peak International Hill Climb on Wednesday, June 21, 2023, in El Paso County, Colo.