make an expenditure

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The PAID AD Act would make it illegal for foreign nationals to directly or indirectly make an expenditure, independent expenditure, or disbursement for an electioneering communication at any time.
The Tax Court noted that capitalization of such expenditures was appropriate because the expenditures related more to the corporation's operations or improvement for an indefinite duration than to income production in the current year.(10) The court concluded that while the period of benefits may not always be controlling, "it nonetheless remains a prominent, if not predominant, characteristic of a capital item." (11) Additionally, the court noted that an expenditure could be capital in nature even if it did not result in the acquisition or increase of an asset,(12) and that the absence of such an asset did not, by itself, make an expenditure currently deductible.(13)

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