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![handle is hein.gao/gaobadxzr0001 and id is 1 raw text is:
DOCUMENT RESUfE
05978 - [1C66516]
Tax Deductions for Grassroots Lobbying. Bay 23, 1978. 19 pp. * 4
enclosures (9 pp.).
Testimony before the Hcase Committee on Govexnment operations:
Commerceg Consumer and monetary Affairs Subcommittee; by Victor
L. Love, Director, General Government Div.
Contact: General Government Div.
Organization Concerned: Internal Revenue Service; Federal Poer
Commission.
Congressional Relevance: House Committee on Government
Operations: Commerce, Consumer and monetary affairs
Subcommittee.
Authority: Internal Revenue Code, sec. 162(e).
The Internal Revenue Code prohibits taxpayers from
taking deductions from amounts paid or incurreO on behalf of
political candidates or legislative matters. elections- or
referenda. A report on the Federal Power Commission's audits of
political advertising by utilities recommended development of
better methods for classifying advertising costs and separating
political advertising and improvement of audit procedures. The
Internal Revwnue Service (IRS) has not provided sufficient
guidance to help exceiners make judgments about the political
nature of corporate advertising. Proposed actions by IRS to
improve regulations and auditing techniques should provide
better guidance. Tax returns do not provide Pufficient
information concerning grassroots lobbying by tax-exempt
organizations or corporations. IRS should make regulations for
taxpayers as clear as possible, require taxpayers to file
sufficient information for adequate epforcement of the code, and
assess hat changes in reporting require~ents ill facilitate
proper compliance. (HYr)](ViewImageLocal?handle=hein.gao/gaobadxzr0001&div=1&collection=&method=preview&ext=.png&size=3)