We give you a letter describing your donation. You and your tax advisor have to figure out what it's worth and what it does to your taxes. corey cohen uǝɥoɔ ʎǝɹoɔ
On Nov 23, 2015, at 4:29 PM, Bill Sudbrink via vcf-midatlantic <vcf-midatlantic@lists.vintagecomputerfederation.org> wrote:
Evan Koblentz wrote:
It's certainly interesting, but we do not purchase artifacts.
Yes, but you give generous tax breaks. That's the whole idea, right?
Bill S.
We give you a letter describing your donation. You and your tax advisor have to figure out what it's worth and what it does to your taxes.
Corey, your statement is a little over-guarded there. :) Fact: donations to 501c3 organizations are tax-deductible. We are a 501c3. Therefore donations to us are tax-deductible.
On Mon, Nov 23, 2015 at 5:54 PM, Evan Koblentz via vcf-midatlantic < vcf-midatlantic@lists.vintagecomputerfederation.org> wrote:
We give you a letter describing your donation. You and your tax advisor have to figure out what it's worth and what it does to your taxes.
Corey, your statement is a little over-guarded there. :)
Fact: donations to 501c3 organizations are tax-deductible. We are a 501c3. Therefore donations to us are tax-deductible.
You certainly don't get a 1:1 deduction, and different types of donations have different donation values. Corp vs. personal, state vs. federal. It's very situation dependent. Best thing is to record it, ask your accountant to use if it helps. Sometimes you don't want a deduction that year, you can defer to the next year instead. -- Bill
Best thing is to record it, ask your accountant to use if it helps. Sometimes you don't want a deduction that year, you can defer to the next year instead.
Of course. I'm just saying there is no gray area about whether donations to the Federation are deductible. Now back to mainframe discussion please. :)
participants (3)
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Corey Cohen -
Evan Koblentz -
william degnan