Ask Experts Questions for FREE Help !
Ask
    Statmedical's Avatar
    Statmedical Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 13, 2009, 09:06 AM
    tax deduction of professional services to a nonprofit organization
    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's Avatar
    maritchu Posts: 1, Reputation: 1
    New Member
    		  
    #2

    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's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    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
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Nonprofit Giving [ 1 Answers ]

What percentage of toal income is a nonprofit obligated to give.. we are a nonprofit and our mission is to award one time scholarships to area students our target revenue for 2009 is $375,000 is there a limit or cap to how much we can give ?

Nonprofit incorporation [ 1 Answers ]

If I want to incorporate a non-profit booster club for a semi professional baseball team do I use 501 (c) (3) or 501(c)(7)

View more questions Search