Corporate Charitable Deductions

Let me first preface this question with a statement of fact: I know little to nothing about corporate tax law or practices, I am not a tax professional nor am I studying to become one, and so I apologize in advance if the answers to my questions are so obvious as to be absurd to those far more knowledgeable about such matters then myself. Thank you in advance. I have recently taken it upon myself to create a proposal for a Employee Volunteer Program (EVP) for the corporation with whom I'm employed. Idealy the program would work in such a manner as to provide an X amount of paid time off to volunteer with qualified charitable organization and non-profits for working an X amount of regular hours. With such a system in place would my company then be able to deduct the cost of the paid volunteer hours as a charitable contribution? Thanks again!

> > > > > > > > >
Reply to
hasuhana
Loading thread data ...

Yes, and along with the pertinent payroll tax burden. However, when separating these costs, do not also include them in Wages and taxes on those lines. ChEAr$, Harlan Lunsford, EA n LA

Reply to
Harlan Lunsford

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.