lobbying expense

Finally, there's the estimation rule - associations must estimate in advance how much dues income and lobbying expense they anticipate.

Walker errs in including advertising costs as a lobbying expense, he said.

There are no advantages or disadvantages to taxable organizations on the lobbying expense deduction.

This new law on lobbying expense nondeductibility forced associations to make decisions and estimates of lobbying expenditures even before the law officially became effective Jan.

Alexander, Mazza, and Scholz (2009) find that firms lobbying for the cash repatriation tax holiday (as part of the 2004 American Jobs Creation Act) gain tax savings of $220 per dollar of lobbying expense. Hochberg et al.

The firm said it had discussed its "business interest in India" with the "US government officials - along with 50 or more other topics during a three month period." US ambassador to India Nancy Powell also defended the retail giant, saying Walmart had incurred the lobbying expense in the US and not in India.

If the charity exceeds its lobbying expense limit in any one year, it becomes subject to a 25% excise tax on the excess expenditures.

The section 127 extension and the lobbying expense disallowance rules are prime candidates for the use of such an index, he remarked.

The main innovation is that random spot-checks of the information will be conducted and that the highest declared lobbying expense figures will be verified.

As a result, as long as a taxpayer's in-house lobbying expenditures do not exceed $2,000, such expenditures (along with allocable overhead) will not be subject to the lobbying expense disallowance rule.

For convenience's sake, however, unless otherwise indicated by the context, we shall refer to the party incurring the lobbying expense as the "taxpayer." (5) The sole difference between the statutory definitions set forth in section 162(e)(4)(A) and section 4911(d)(1)(B) is the inclusion of the word "the" in the latter provision, as follows: "any government official or employee who may participate in the formulation of the legislation." It is difficult to read any congressional intent into the omission of an article.