April 8, 2022 •
Question: For federal income tax purposes, our organization has been using the aggregate amounts reported on our quarterly LD-2 lobbying activity report as our non-deductible lobbying expenses. Can the expenditures we compile for LDA reporting be used interchangeably for tax […]
Question: For federal income tax purposes, our organization has been using the aggregate amounts reported on our quarterly LD-2 lobbying activity report as our non-deductible lobbying expenses. Can the expenditures we compile for LDA reporting be used interchangeably for tax purposes?
Answer: In a word: maybe – depending on the method of LDA reporting you’ve opted to follow. If you file your LD-2 report using the IRC definitions (method C), then the number you compile and report on your LD-2 can be used interchangeably for tax purposes. However, if you compile and report your quarterly lobbying expenditures using LDA definitions (method A), the results will not accurately reflect non-deductible lobbying expenses as defined by the IRS. Because the definition of “lobbying” differs between the LDA and the IRC, the two compilation methods will produce very different results. If you use LDA definitions to compile your quarterly LD-2, your organization must employ a second process by which to determine your non-deductible lobbying expenses for tax purposes. A lobbying registrant can determine each year which method they will use to compile the LD-2 report. Once a method has been selected, a registrant must use that method for all four quarterly reports during that year. The upcoming first quarter report is a good time to revisit the compilation method used and make changes if elected for 2022.
For more information about filing methods and reporting requirements visit our online publication Federal Lobbying Compliance Law section.
May 31, 2012 •
Join us next Wednesday, June 6 for a breakfast with FEC Commissioner and current Chair Caroline Hunter
State and Federal is sponsoring a breakfast hosted by Women In Government Relations’ PACs, Politics, & Grassroots task force with FEC Chair Hunter. If you are in Washington next Wednesday, June 6, join us for a conversation about FEC activities and priorities in this election year.
This particularly timely discussion will help PAC leaders, government relations staff and anyone associated with the political process understand what the landscape looks like for elections in the U.S. moving forward. With some major nuances present this year that have never been present before, this is a great opportunity to know what to do, what not to do, what your colleagues are doing and what the FEC will be focusing on in the coming months!
Hope to see you there!
August 11, 2011 •
The Strangest Museum on Earth!
NCSL Late Night was hosted at the Buckhorn Saloon and Museum. It was a packed house in the museum which offered an eclectic mix of Texas-centric wildlife hanging from the walls, as well as an optical illusion fun-house.
It was a night of “big fun.” After all, as they say, “Everything is bigger in Texas.”
August 11, 2011 •
Biga on the Banks was a great place to celebrate Ohio!
Ohio Night was a big success. We had an amazing view of San Antonio’s Riverwalk from Biga on the Banks. A variety of Ohio-based businesses and firms enjoyed the opportunity to come together.
Here are some pictures from the event:
State and Federal Communications, Inc. provides research and consulting services for government relations professionals on lobbying laws, procurement lobbying laws, political contribution laws in the United States and Canada. Learn more by visiting stateandfed.com.