13 December 2009
The holiday season is in full swing at our house. The tree is up, we’ve bought more wrapping paper since we, of course, can’t find the paper we bought last year and we have so many varieties of Domino sugar in the pantry that you’d think we own stock in the company. We ended the [...]
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10 September 2008
Taxpayer asks: Hi, I run an ice cream (IC) shop and give away lots of IC to local charities (churches, schools, scout’s, 4H, …). The business is an LLC and I have 2 partners (we all get K-1′s). Can I deduct the retail value of these donations? Obviously, the my cost of the food supplies [...]
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