Re: writing off the value of services donated

[Dave Cinege]

On Thu, 21 Aug 97 13:28 PDT, Bruce Perens wrote:

>Dave Cinege:
>> Do you think the IRS will allow companies to write off the ftp bandwidth
>> they donate?
>
>Yes, you can deduct the value of services donated to a 501(c)3
>non-profit from your income for tax purposes. Not just FTP bandwidth,
>all sorts of services.

I doubt that since it would already be written off for the business uses, it 
could then 
be deducted again.

>If you do your personal taxes on the long form, there's a place to fill
>in "charitable mileage". Drive somewhere to work for Debian? Write it off.

I don't pay the income tax.

-
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writing off the value of services donated

[Bruce Perens]

Dave Cinege:
> Do you think the IRS will allow companies to write off the ftp bandwidth
> they donate?

Yes, you can deduct the value of services donated to a 501(c)3
non-profit from your income for tax purposes. Not just FTP bandwidth,
all sorts of services.

If you do your personal taxes on the long form, there's a place to fill
in "charitable mileage". Drive somewhere to work for Debian? Write it off.

Bruce
-- 
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Bruce Perens K6BP   [EMAIL PROTECTED]   510-215-3502


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