- 5 - Section 162(e)(2), in effect for the taxable years in issue, disallows any deduction under section 162(a) for political contributions such as the ones that petitioners claimed. Cloud v. Commissioner, supra at 625. Accordingly, respondent's determination is sustained. To reflect the foregoing, Decision will be entered for respondent.Page: Previous 1 2 3 4 5
Last modified: May 25, 2011