Comments on: Ask the taxgirl: School Fundraisers

By: 9 Tax Tips for Back to School | taxgirl

9 Tax Tips for Back to School | taxgirl — Fri, 07 Oct 2011 03:10:00 +0000

[...] stuck with a fridge full of frozen jalapeno pretzels and little to no tax deduction since the IRS requires you subtract the value of anything you receive in return for a charitable donation. Better solution: just write a check directly to the school. Your freezer stays empty, the school [...]

By: Back to School Taxes: What can be deducted? | Smart Family Finance

Back to School Taxes: What can be deducted? | Smart Family Finance — Thu, 18 Aug 2011 10:57:29 +0000

[...] you’re stuck with a fridge full of frozen jalapeno pretzels and little to no tax deduction since the IRS requires you subtract the value of anything you receive in return for a charitable donation. Better solution: just write a check directly to the school. Your freezer stays empty, the school [...]

By: 9 Tax Tips for Back To School – Americas Review

9 Tax Tips for Back To School – Americas Review — Thu, 18 Aug 2011 04:12:53 +0000

By: ThomasT

ThomasT — Fri, 18 Sep 2009 16:14:36 +0000

Kelly does her usual bang-up job of summarizing the legal issues. The parenting issues are of course, much more complex. Cutting a check directly to the Home & School association is not going to get your child to win a prize for selling n items or more. In our school’s case, that would also mean keeping our son out of social events – a dance party for kids who meet a fairly obtainable goal, and then a limousine ride for lunch out for the really high rollers. Uggh – the social ostracization of kids without the wherewithal to sell candles, Santa toilet seat covers, and frozen enchiladas – sickening. I may have to try and get on my Home and School Board to prevent this as my daughter enters K next year.

By: Roth & Company, P.C.

Roth & Company, P.C. — Fri, 18 Sep 2009 12:09:18 +0000

Can you deduct that frozen school band fundraising pizza?…

Probably not. TaxGrrrl has the scoop…….

By: Melody

Melody — Thu, 17 Sep 2009 23:53:13 +0000

Well, I’ve found that telling these poor kids that what they’re peddling doesn’t make sense to me and is pure torture for them. Why don’t they offer services that we might need, like lawn-mowing or clean-up for the fall. It would probably make them feel good about themselves, and it could give them some sense-of-self, also. And, BTW, if you find such an industrious youngster, please send him/her my way. I will reward.

By: Mary Kay Foss

Mary Kay Foss — Thu, 17 Sep 2009 21:45:24 +0000

When we closed up our previous office, we found boxes filled with rolls of blue garbage bags. We’re sure that our previous managing partner bought them as a fundraiser from his granddaughter. The boxes weren’t found and opened until 8 years after his death and they were of very poor quality.

I’m sure that our practice deducted the cost when it was incurred.