My Account
Sign up, and you'll be able to customize your font size and more!
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Dec 3, 2024
1:24
:35
pm
TCuz
Coastal Elite
That’s a different scenario that not a single person in this thread is discussing
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
TCuz
Previous username
TCuz13
Bio page
TCuz
Joined
Mar 1, 2014
Last login
Dec 3, 2024
Total posts
63,684 (20,503 FO)
Report problem with this ad
Messages
Author
Time
Do these businesses that ask you if you want to round up for charity get a tax
SuperTank
Dec 3, 12:27pm
<< Deleted >>
Ragnar Danneskjold
Dec 3, 12:27pm
Yes I’m pretty sure. Which is why I never do it. They’re double dipping.
Chefcurry
Dec 3, 12:27pm
Logic would make me think they don't collect taxes on the donations, and they don't get to claim the benefit. But it's
Ragnar Danneskjold
Dec 3, 12:29pm
You're effectively reimbursing them for their donation.
d-coug
Dec 3, 12:29pm
100% incorrect.
TCuz
Dec 3, 12:48pm
"effectively"
d-coug
Dec 3, 12:51pm
No, it’s still wrong. They do not “write it off” nor is it their donation. It’s your donation
TCuz
Dec 3, 12:56pm
Sure, in the scenario they don't claim any donation themselves.
d-coug
Dec 3, 1:01pm
That’s a different scenario that not a single person in this thread is discussing
TCuz
Dec 3, 1:24pm
<< Deleted >>
TCuz
Dec 3, 12:55pm
Not if they’re following the law, no.
allaboutthegainz
Dec 3, 12:30pm
No, I mean they aren't paying taxes on it if that what you mean
cougarfann888
Dec 3, 12:32pm
If they round up $50k in donations and actually donate it then they should
ShinobiCoug
Dec 3, 12:36pm
But they aren’t the ones donating the money. It should be a tax deduction for
SuperTank
Dec 3, 12:47pm
What he's saying is they would be booking it as a revenue and an expense.
cougarfann888
Dec 3, 1:29pm
Exactly. Their taxable profit doesn't change. And if you make the donation then
ShinobiCoug
Dec 3, 1:43pm
No, they do not. Common internet myth.
TCuz
Dec 3, 12:47pm
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad
