Discussion:Donations to political parties
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Discussion Forum Index --> Basic Tax Questions --> Donations to political parties
Discussion Forum Index --> Tax Questions --> Donations to political parties
| 17 March 2008 | |
| Is there any way we can take donations to political parties on a 1120S as a deduction? If yes let me know how? | |
| 17 March 2008 | |
| I think you will find that "donations to political parties" was taken out of the tax code many years ago for any type of tax form. | |
| March 17, 2008 | |
| You might want to check your state law for the 1120S state equivalent form. At least one does allow deductions for political contributions. | |
Death&Taxes (talk|edits) said: | 17 March 2008 |
| I did a TCMP audit for a small legal partnership many moons ago, and the auditor allowed their contributions to various judges running for judgeship.....I don't know how he pushed it past his boss, but he did.
1986 was the last year of the political contribution credit. | |
| 17 March 2008 | |
| Thank you guys. I appreciate your help. I will do more research on it. | |
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