Businesses can't deduct lobbying

ryanteaguebeckwith — Thu, 30 Apr 2009 11:41:28 -0400

Businesses may not claim lobbying expenses as a deduction.

Under Section 162 of U.S.C. 26(A)(1)(B)(VI), a for-profit corporation may not deduct from its federal taxes money spent on lobbying or campaigning, defined as:

(A) influencing legislation,
(B) participation in, or intervention in, any political campaign on behalf of (or in opposition to) any candidate for public office,
(C) any attempt to influence the general public, or segments thereof, with respect to elections, legislative matters, or referendums, or
(D) any direct communication with a covered executive branch official in an attempt to influence the official actions or positions of such official.

Previously: Nonprofits cannot deduct "excess lobbying expenses."

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Businesses can't deduct lobbying