Quote:
Originally Posted by Dueller
...I "sponsored" my own race effort with my law firm and wrote off some expenses and was challenged by the IRS...hgowever I was able to show I retained some clients thru the effort that I would not normally get (i.e., I had one client I met thru my racing involvement that landed me a 7 figure case)....
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Curious about this, are you incorporated or have an LLC? I would think you could simply write this off as an advertising expense without any worries?