Article Archives >> Ready Reference >> June 2000
Preview of Article:
Corporations Have Special Rules on Contributions
Many in-kind contributions may be deducted as ordinary business expenses; certain gifts of inventory qualify for enhanced deduction above cost basis.
This Ready Reference Page Covers:
- Business expense v. contribution
- Services not deductible
- Foreign contributions
- Contributions of property
- Inventory and other exceptions
Excerpt:
Charitable fundraisers who understand the legal issues
affecting potential donors are often better able to suggest gifts that
work well for both the donor and the charity. Since corporations operate
under different rules than individuals, it is important to understand
the differences.
Full Text
Article Archives >> Ready Reference >> June 2000
