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---- How to write off non-profit work?


SevanB2 - 8:20 pm on Mar 13, 2004 (gmt 0)


I have a corporation and want to find out how I can write off non-profit services. My accountant seems to be a little clueless and I need to find a new one. Anyway, what I need to know is, for example, if I provide $4000 worth of services (not cash) to a non-profit organization, what do I need to do to write it off. My accountact said that I get automatic deduction on expenses, since I pay my employees to do the work, so I can't really dedcut this. But someone else told me that I can.

Also, does the non-profit organization need to provide me a reciept specefying the dollar amount? Do they also need to file any kind of IRS forms reporting this transaction?

What is the limit I can donate to one company? What is the limit of total donations annually? Someone told me 10% annually and someone else told me 20%!


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