internal revenue service
-
Colorado attorney cannot deduct $300K racecar spending as business expense, 10th Circuit says
—
by
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…
-
Colorado lawmakers vote to give themselves a pay raise beginning in 2025
—
by
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…
-
Colorado’s Buck, Neguse hammer along party lines in Trump impeachment hearing
—
by
Two Coloradans sitting on opposite sides of a wide partisan divide questioned legal scholars Wednesday as the House Judiciary Committee conducted its first day of hearings to determine whether to impeach President Donald Trump. U.S. Reps. Ken Buck and Joe Neguse each held the microphone for five minutes during tense, day-long testimony that featured four…
-
Ken Buck wins House passage of ditch bill for rural communities
—
by
A bill that will make it easier for irrigation and ditch companies to invest dollars without jeopardizing their non-profit status cleared the U.S. House Tuesday on a unanimous vote. U.S. Rep. Ken Buck, R-Windsor, is the sponsor of the Water and Agriculture Tax Reform (WATER) Act of 2017. The bill would amend the Internal Revenue…
-
Denver GO bonds size, tax question TBD
—
by
As Denver officials began listening to citizens this week about the next round of general obligation bonds to help address city amenity needs like roads, parks and buildings, the size of the bond issue and whether it could include a tax hike to present to voters are unknown. A City Council committee heard an update…
