IRS Administration of Tax Laws Relating to Lobbying: Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-fifth Congress, Second Session, Part 1 |
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Page 5
... expenses . As Mr. Fant will no doubt explain in more detail , business expenses are deductible from gross income if they are ordinary and necessary , and if they relate to carrying on the trade or business of a taxpayer . Section 162 ...
... expenses . As Mr. Fant will no doubt explain in more detail , business expenses are deductible from gross income if they are ordinary and necessary , and if they relate to carrying on the trade or business of a taxpayer . Section 162 ...
Page 6
... expense . Indirect lobbying expenses - what I would call grassroots lobbying expenses are per se nondeductible . These expenditures are statutorily defined in section 162 ( e ) ( 2 ) as any amount paid or incurred , whether by way of ...
... expense . Indirect lobbying expenses - what I would call grassroots lobbying expenses are per se nondeductible . These expenditures are statutorily defined in section 162 ( e ) ( 2 ) as any amount paid or incurred , whether by way of ...
Page 7
... expenses . In view of the importance of these rules , one might reasonably ex- pect that their enforcement would receive some priority - not only because millions of dollars are involved each year but because the in- fusion of dollars ...
... expenses . In view of the importance of these rules , one might reasonably ex- pect that their enforcement would receive some priority - not only because millions of dollars are involved each year but because the in- fusion of dollars ...
Page 8
... expenses . To the extent that such expenses involve grassroots lobbying - and by no means could all grassroots lobbying conversely be considered ordinary and necessary business expenses - they should be deductible . Thus , Congress was ...
... expenses . To the extent that such expenses involve grassroots lobbying - and by no means could all grassroots lobbying conversely be considered ordinary and necessary business expenses - they should be deductible . Thus , Congress was ...
Page 9
... expenses were deductible , whether direct or grassroots . Mr. DRINAN . And the compromise was added in 1962 to the effect that direct lobbying activities would be deductible ? Mr. FANT . That is correct . Mr. DRINAN . Thank you . Mr ...
... expenses were deductible , whether direct or grassroots . Mr. DRINAN . And the compromise was added in 1962 to the effect that direct lobbying activities would be deductible ? Mr. FANT . That is correct . Mr. DRINAN . Thank you . Mr ...
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Common terms and phrases
Abbott Abbott Laboratories amendment American amount asked attempt to influence audit Bellotti bill business expense campaigns claims CLARENCE BROWN coal Committee communications Congress Congressional consumer corporate cost Court doctor dollars DRINAN dues earnings Electric employees energy example Exhibit expenditures FANT Federal funds GARRY BROWN grassroots advertising grassroots lobbying groups hospital income tax increased industry Internal Revenue Code Internal Revenue Service involved issues legislative matters letter LEVITAS liability lobbying activities lobbying expenses malpractice medical malpractice million Mobil National natural gas nondeductible nuclear power oil companies organizations percent political problem product liability proposed question questionnaire referendum regulations representational activities Revenue Ruling ROSENTHAL SCHMERTZ Section 162 Senator Service Sethi shareholders SHULMAN specific Steel Subcommittee tax deduction tax return taxpayers tion trade associations utility Washington WNBC-TV
Popular passages
Page 986 - ... traveling expenses (including the entire amount expended for meals and lodging) while away from home in the pursuit of a trade or business; and rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 986 - Trade or business expenses — (a) in general. There shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including — (1) A reasonable allowance for salaries or other compensation for personal services actually rendered...
Page 44 - States, or a political subdivision of any of the foregoing with respect to legislation or proposed legislation of direct interest to the taxpayer, or (B) In direct connection with communication of information between the taxpayer and an organization of which he Is a member with respect to legislation or proposed legislation of direct interest to the taxpayer...
Page 66 - This account shall include expenditures for the purpose of influencing public opinion with respect to the election or appointment of public officials, referenda, legislation, or ordinances (either with respect to the possible adoption of new referenda, legislation or ordinances or repeal or modification of existing referenda, legislation or ordinances) or approval, modification, or revocation of franchises; or for the purpose of influencing the decisions of public officials...
Page 369 - House resolution authorizing the investigation of "all lobbying activities intended to influence, encourage, promote or retard legislation." It did so because ". . . the power to inquire into all efforts of private individuals to influence public opinion through books and periodicals, however remote the radiations of influence which they may exert upon the ultimate legislative process, raises doubts of the constitutionality in view of the prohibitions of the First Amendment.
Page 300 - Amendment; it presupposes that right conclusions are more likely to be gathered out of a multitude of tongues, than through any kind of authoritative selection. To many this is, and always will be, folly; but we have staked upon it our all (US v.
Page 979 - Contacts, or urges the public to contact, members of a legislative body for the purpose of proposing, supporting, or opposing legislation; or (b) Advocates the adoption or rejection of legislation.
Page 339 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it, either expressly, or as incidental to its very existence.
Page 988 - An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes...
Page 980 - State or local sales tax" means a tax imposed by a state, a territory, a possession of the United States, or a political subdivision of any of the foregoing, or by the District of Columbia...