During the current year, the Fremantle Corporation, a real estate development firm, incurs $2,200 of expenses lobbying

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During the current year, the Fremantle Corporation, a real estate development firm, incurs $2,200 of expenses lobbying and testifying before the city council to change the zoning rules. The firm also spends $3,500 testifying before the state legislature and lobbying to modify the existing law that restricts commercial building in areas that are classified as wetlands. Can Fremantle deduct the cost of these lobbying efforts?

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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