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#2
03-03-2004, 12:53 AM
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 Re: Charitable donation from an S-Corp Thank for your input guys! John Wilson << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
03-01-2004, 07:25 PM
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| Re: Charitable donation from an S-Corp John Wilson wrote: - quote - > I have an S-corp and would like to make a charitable
Well, let's put it this way. They are legitimate> donation from this S-corp. Are charitable donations from an > S-corp a legitimate deduction? expenditures. However not against corporate income, but rather like some other items, a flow through to the shareholder(s). Cheer$, harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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03-01-2004, 06:46 PM
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| Re: Charitable donation from an S-Corp The contribution on Form 1120S will not be treated as a deduction. The contribution will be shown on the corporation's K-1s and be a deduction for the individuals. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-29-2004, 06:58 PM
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| Charitable donation from an S-Corp I have an S-corp and would like to make a charitable donation from this S-corp. Are charitable donations from an S-corp a legitimate deduction? Thanks - John << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| charitable, donation, scorp |
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