Thread: Big Big Problem
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Unread 22-09-2005, 15:22
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Re: Big Big Problem
Quote:
Originally Posted by sciguy125
You may want to be careful about that. If they are buying something, it's no longer a donation. People may be less willing to give if they don't get the tax breaks that come with a donation.
If they are not a 501(c)(3) it may not matter. Oh sure for you and me as far as we are concerned, it is a donation to a school club, but for some companies, a donation is base for some kind of kick back (re: tax break or writeoff) for a donation.

But the way Uncle Sam and the IRS see it is a totally different ball game.
your T's have to be crossed, and your i's dotted.
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