Brief Guide For Corporate Donations To Charity
Qualifying donations To qualify for the charitable tax deduction, your corporation must make a donation to a qualified charity such as Giving Center . Giving Center , and charitable organizations like it, can issue donation receipts for the gifts received from both individuals and corporations. Only an IRS approved charity is qualified to give a donation receipt that can provide your cooperation of tax deduction. The Internal Revenue Service (IRS) maintains a list of qualified charities , like Giving Center, who are allowed to issue official donation receipts for charitable gifts. The IRS considers a donation to be a voluntary transfer of money or property for which you expect and receive no consideration. You are able to make these charitable donations by cash or in kind. A donation is irrevocable. Donation receipts are issued for the eligible amount of the donation to charity, this is usually the value of the donation. In ...