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* Contributions to the Council are not deductible as a charitable expense but are deductible as an ordinary and necessary business expense, subject to restrictions on lobbying expenses. The nondeductible portion of your 2003 dues, which is allocated to lobbying is 14%. Therefore, only 86% of your dues are deductible as a business expense. ** This rate applies only to companies with a worldwide total of five employees or less. Software divisions of larger corporations or local operations of out-of-state companies should use the standard dues rate based upon software/Internet employees in Massachusetts. |
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