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Wellness, Inc., a 501(c)(3) organization, makes lobbying expenditures of $340,000 this year.

Wellness, Inc., a § 501(c)(3) organization, makes lobbying expenditures of $340,000 this year. Exempt purpose expenditures were $600,000 for the first six months of the year and $950,000 for the last six months of the year.

a.  Determine the Federal income tax consequences to Wellness if it does not make the § 501(h) lobbying election. Wellness, Inc. is assessed a penalty tax of $.

b.  Determine the Federal income tax consequences to Wellness if it does make the § 501(h) lobbying election.

If Wellness makes the § 501(h) election, it is eligible to make lobbying expenditures on

basis.

Wellness is assessed a tax on the excess lobbying expenditures and the amount of tax is $.

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A fter calculation of the above given... View the full answer

1 comment
  • Unfortunately this was incorrect
    • elizabethpetzke
    • Jul 19, 2016 at 8:14pm

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Other Answers

F irst of all a very nice as well as intersting question from your side. S o now straight to the question, as asked... View the full answer

1 comment
  • Unfortunately this was incorrect.
    • elizabethpetzke
    • Jul 19, 2016 at 8:14pm

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