IMPORTANT: Required IRS Notice
The Tax Reform Act of 1993 includes a provision that eliminates the portion of an association member’s dues attributable to an association’s lobbying expenses. Beginning with 1994, associations have been required to notify their members about the non-deductible portion of their dues and similar payments at the time of assessment or payment of dues.
Contributions or gifts to Information Systems Audit and Control Association, Inc. (ISACA) are not deductible as charitable contributions for U.S. income tax purposes. However, they may be tax deductible as ordinary and necessary business expenses subject to restrictions imposed as a result of association lobbying activities. ISACA estimates that the non-deductible portion of your 2018 ISACA membership dues – the portion that is allocable to lobbying – is 1.0%. Contributions or gifts to the IT Governance Institute, an institute organized and operated for educational purposes, may be tax-deductible as charitable contributions. Please consult your tax advisor.