Sue Swank owns a local accounting firm in New Orleans,Louisiana.The city of New Orleans has proposed legislation to increase the hotel room tax.Swank incurs $1,000 lobbying expenses.Because the legislation is local,Swank may deduct the $1,000.

Question

Quizplus · Accepted Answer

Lobbying expenses related to local legislation are generally not deductible for tax purposes, regardless of the locality.

Sue Swank Owns a Local Accounting Firm in New Orleans,Louisiana