Federal Court Denies Attorney’s Bid to Write Off Racing Expenses as Business Deductions
Denver, Colorado — A federal appeals court has made a ruling that will steer a personal injury attorney away from claiming car racing expenses as a deductible business marketing cost. On Monday, the 10th U.S. Circuit Court of Appeals in Denver decided against James William Avery, who sought to deduct over $300,000 spent on his high-speed hobby, according to Law360. Avery, who relocated to Indiana from Colorado in 2003 but continued his legal practice in Colorado, sought to grow his client base in his new home state. To achieve this, he began participating in car … Read more