A Colorado attorney asked the Tenth Circuit to reverse a U.S. Tax Court decision that prevented him from deducting $303,000 in advertising expenses tied to his automobile racing, saying the lower court incorrectly ruled that the costs were related to a hobby rather than his litigation practice.
Atty Can Deduct $303K In Racing Ad Costs, 10th Circ. Told
by usoftax_admin | Apr 23, 2024 | Tax News