How does the IRS define what is a “political contribution” that cannot be deducted? Is the...

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Accounting

  • How does the IRS define what is a “political contribution” thatcannot be deducted? Is the disallowance limited to outright gifts,or does it extend to less direct methods of providing funds to acandidate or party? If the latter, please explain the circumstancesin which the disallowance applies to something that is not anoutright gift.
  • How does the IRS define what is “lobbying,” so that a taxpayermay determine what expenses are not deductible as lobbyingexpenses?
  • Many not-for-profit organizations are engaged in lobbying, butstill qualify to receive deductible charitable contributions. Doesthis activity affect an individual’s ability to claim a charitablededuction for contributions to an otherwise qualified organization?If so, in what circumstances, and how is the deductionaffected?

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Lets consider the question We cannot make a deduction made to a political party or canditure which can be treated to be as a political campaignand also the admissions to dinners which can be brought as a advantage for any political party and also the advertising made in bulletins are not deductable under IRSIRS Publication 529 Main Content The legal fees paid for making or participating in campaign cannot be deducted Lobbying Expenses are those which are paid for participation in any form of political campaign for public office cant deduct amounts paid Direct cash paid and any form which is used for making for political campaign is disallowed for achieving the public office LOBBYING POLICY The Federal government each State and certain localities have laws requiring registration and reporting by lobbyists and in some cases also by the lobbyists employer In addition certain expenses for lobbying activity are not deductible as business expenses under US tax law Lobbying activity generally includes attempts to influence the passage or defeat of legislation    See Answer
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