"Stuart Bronstein" <spamtrap[at]lexregia.com> wrote in message
news:Xns9A8F95D293212avocatstuyahoofr[at]130.133.1.4...
- quote -

Bribes are not deductible even if ord/necc. - Section 162(f).

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Stuart Bronstein <spamtrap[at]lexregia.com> wrote:
- quote -

Your savings would be less than $10 - not worth
the penalty and interest.

Reminds me of my pain management doctor asking
me how to deduct his children's private school
tuition. I told him for me to explain it to
him would be as unethical as if he explained
to me how to make synthetic heroin.

- quote -

Marge Lindheimer Everett, manager of Arlington Park
and Washington Park race tracks in Illinois, tried
to justify her million dollar plus stock transfer
to Governor Otto Kerner and his bag man (I meant
Director of Finance) Ted Issacs as an "Ordinary and
Necessary" business expense. Kerner, a former US
Attorney, was a sitting Federal Judge at the time
of his prosecution. Both he and Issacs received
vacations at Club Fed.

I presume Ms. Everett just owed back taxes with the
penalty being waived for her testimony - but I do
no know that to be true.

Dick

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In article <doNRj.24952$3v1.22975[at]bignews3.bellsouth.net> ,
Harlan Lunsford <hnslunsford[at]bellsouth.net> wrote:

- quote -

That reminds me of the time when the New York telephone company was in
deep doo-doo in the mid 60's. They were borrowing telephone technicians
and supervisors from all over the country. My supervisor from the SF
Bay Area went back there on loan for 6 months as a splicing foreman.

On his first day, he was given a job in a manhole in a mid Manhattan
street. He had his men setup the cones, signs, warning lights, etc.,
and was just getting started when a cop came over and told him to pack
up and get out. He protested, that the phone company had all of the
necessary permits but the cop said that if they were not out of the area
in 5 minutes they would be spending the night in jail -- they packed up
and left.

Back at the garage, when he told his story about getting chased off by
the cop, he was met with much laughter and "You didn't slip the cop his
$20 bill did you?" He kept a pocket full of folded $20 bills after
that and never had any more problems.

--
-Ernie-

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Stuart Bronstein wrote:
- quote -

To be deductible, a business expense must be, as we all know,
ordinary and necessary. BUT not all such expenses are deductible.

Reminds me of a prospective franchisee up in Philadelphia we talked to
one time. he asked us for a list of officials who would be needing
payments in order to get his ice cream store up and running.

He was from the Bronx, and I guess he figured they did things in
Norristown just like they did them in Noo Yawk.

ChEAr$,
Harlan Lunsford, EA n LA

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"Haskel LaPort" <QBFanBoy[at]gmail.com> wrote:
- quote -

But what it if's ordinary and necessary (say, like a bribe)?

Stu

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On Apr 25, 1:29 pm, "Haskel LaPort" <QBFan...[at]gmail.com> wrote:

- quote -

Even for lobbying organizations, whose major expense would (I imagine)
be political contributions? (Perhaps salaries, airline and meal
expenses, etc might be more, but who knows).

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

<oprah.chopra[at]gmail.com> wrote in message
news:9c483572-50ec-4a2c-a8bb-c21c385f0438[at]y21g2000hsf.googlegroups.com...
- quote -

Political contributions are not deductible period.

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Can I deduct my $25 campaign contribution from my sole-proprietor
business? My guess is no, because it is not a business expense?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >