B. Disallowance of a Deduction under Irc 162 for Lobbying Expenses

By Ligos, Gioia

Excerpt
Excerpt: Section 13222 of the Omnibus Budget Reconciliation Act of 1993 (OBRA 1993), 107 Stat. 477, which eliminated the deduction under IRC 162 for lobbying expenses, will have a significant impact on many exempt organizations recognized exempt under IRC 501(c)(4), (5), or (6). In addition to eliminating the business deduction for direct lobbying, OBRA 1993 eliminated the business deduction for dues to an exempt organization that are used for lobbying. These new rules will be an issue in many exempt organization cases, to first determine if the organization is subject to the rules and, if so, whether it has complied with the requirements. 2. Background: Before 1962, Treasury regulations under IRC 162 provided that all expenditures for lobbying purposes, for the promotion or defeat of legislation, for political campaign purposes, or for propaganda related to any such purposes were not deductible as ordinary and necessary business expenses. The Supreme Court upheld the validity of these regulations in Cammarano v. U.S...

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Title:

B. Disallowance of a Deduction under Irc 162 for Lobbying Expenses

Author:

Ligos, Gioia

Volume:

Language:

English

Subject:

Government publications, Tax & accounting series, Internal Revenue Service publication

Collection:

U.S. Department of the Internal Revenue Service

Subcollection:

Historic
Publication Date:

Publisher:

United States Department of the Treasury, Internal Revenue Service

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