[ SHOWGSD-L ] Re: Charitable trust
- From: TISHW@xxxxxxx
- To: wynsum@xxxxxxx, Showgsd-l@xxxxxxxxxxxxx
- Date: Wed, 5 Mar 2014 13:58:20 -0500 (EST)
Better get out the IRS rules on this and check it out for yourselves. The
rule book I have states that if you receive goods as a result of your
donation which was certainly the case with the donation to the Charitable
Trust,
you must deduct the cost of what you received from the amount which you
donated.
In a message dated 3/5/2014 1:15:38 P.M. Eastern Standard Time,
wynsum@xxxxxxx writes:
Your donation is the amount of the check written as it is a 501C3
To draw an analogy
I get mailing labels from the VETS (the labels have the wrong name and I
would not use them),
but every year I send them a Check anyway. Let's say I write a check fo
$20 as a donation, and
the labels are a gift from them for that donation. I deduct the $20, not
the 1.50 the labels are
worth.
The trust was set up so people AND BUSINESSES could make TAX Deductable
DONATIONS
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POST is Copyrighted 2014. All material remains the property of the original
author and of GSD Communication, Inc. NO REPRODUCTIONS or FORWARDS of any kind
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Showgsd-l Management. ALL RIGHTS RESERVED.
Each Author is responsible for the content of his/her post. This group and its
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any post.
ALL PERSONS ARE ON NOTICE THAT THE FORWARDING, REPRODUCTION OR USE IN ANY
MANNER OF ANY MATERIAL WHICH APPEARS ON SHOWGSD-L WITHOUT THE EXPRESS
PERMISSION OF ALL PARTIES TO THE POST AND THE LIST MANAGEMENT IS EXPRESSLY
FORBIDDEN, AND IS A VIOLATION OF LAW. VIOLATORS OF THIS PROHIBITION WILL BE
PROSECUTED.
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