[EL] Treatment of political contributions on a company's financial books

[Ellen Aprill]

As has been discussed on this list, Section 162(e) makes these amounts
nondeductible for tax purposes.  Especially now that Citizens United has
held that corporations can make political contributions and in light of the
Super-Pacs, I was hoping that someone on the list knows how auditors treat
these amounts for purposes of financial reporting.
Thanks.

   Ellen
-- 
Ellen P. Aprill
John E. Anderson Professor of Tax Law
Loyola Law School
919 Albany Street
Los Angeles, CA 90015
213-736-1157
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