A personal injury lawyer who also races cars shouldn’t be allowed to deduct about $300,000 for racing-related costs as ordinary business advertising expenses because they’re unrelated to his law practice, the U.S. government told the Tenth Circuit on Wednesday.
Atty Can’t Deduct Car Racing Costs As Ads, US Tells 10th Circ.
by usoftax_admin | Jul 24, 2024 | Tax News