http://www.taxgirl.com/ask-the-taxgirl-charitable-deductions-for-llcs/ tax news, tax info and tax policy Wed, 07 Jan 2009 13:18:44 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.taxgirl.com/ask-the-taxgirl-charitable-deductions-for-llcs/comment-page-1/#comment-4464 bill Thu, 11 Sep 2008 02:54:12 +0000 http://www.taxgirl.com/ask-the-taxgirl-charitable-deductions-for-llcs/#comment-4464 Maybe this will stir up some good discussion: I have often wondered whether the contributions reflected on the books of most businesses are really contributions. It seems that promotion and recognition of the company name is usually the real reason for the gesture. Therefore, would they better qualify as advertising and promotion under Sec. 162 and 212 rather than simply as "gifts" under 170(c)? What do you think? Maybe this will stir up some good discussion:
I have often wondered whether the contributions reflected on the books of most businesses are really contributions. It seems that promotion and recognition of the company name is usually the real reason for the gesture. Therefore, would they better qualify as advertising and promotion under Sec. 162 and 212 rather than simply as “gifts” under 170(c)? What do you think?

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