Question: Helpers Inc a qualifying 501 c 3 organization incurs lobbying expenditures

Helpers, Inc., a qualifying § 501(c)(3) organization, incurs lobbying expenditures of $250,000 for the taxable year and grass roots expenditures of $0.
Exempt purpose expenditures for the taxable year are $1,200,000. Helpers elects to be eligible to make lobbying expenditures on a limited basis.
a. What amount of lobbying expenditures is Helper allowed to deduct?
b. What is its tax liability as a result of the election?

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  • CreatedSeptember 09, 2015
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