PDA

View Full Version : Tax deduction of professional services to a nonprofit organization


Statmedical
Apr 13, 2009, 09:06 AM
If you as a small business give your professional services and equipment use at a VERY reduced rate to a nonprofit organazation (school), can you deduct the difference of what the fair market value of what the service would cost as a donation or a loss?

maritchu
Apr 13, 2009, 12:47 PM
Hi, I came to USA in early December 2008, I am from Chile, as I have J1 visa research scholar, now I have to pay TAX or have to wait for this whole 2009.

morgaine300
Apr 13, 2009, 10:16 PM
maritchu, you need to do new questions in a new thread of your own since this is unrelated to the original question asked.

And a note to both - there is a tax area that might be more approrpate for these questions:
Taxes - Ask Me Help Desk (https://www.askmehelpdesk.com/taxes/)