According to this, Ray Camden can write off BlogCFC. -- Michael Dinowitz
On Fri, May 7, 2010 at 4:36 PM, Jerry Johnson <[email protected]> wrote: > > From mom: >> http://www.irs.gov/publications/p526/ar02.html#en_US_publink1000229649 >> >> It would appear the IRS regs do allow a deduction for a non-cash donation > of "intellectual property' and I believe a website could fall under that > definition -- at a 30% rate on FMV (fair market valuation) by a qualified > appraiser. See Form #8283 and instructions -- the charity would have to > provide statement of receipt. There are different rules for under $500; > over $5000, and for types of property. Therefore, close attention to Pub. > 526 and 1040 instructions is advised. >> >> Time & services as a volunteer are not deductible; however, itemized > out-of-pocket expenses would be allowed if the taxpayer is itemizing > deductions. >> >> Let me know if you need further info on this. > > > > On Fri, May 7, 2010 at 3:52 PM, Eric Roberts < > [email protected]> wrote: > >> >> I think you would have to bill them for the actual amount, but annotate it >> as a donation...they would then write a receipt that you could then use as >> a >> write off. >> >> -----Original Message----- >> From: Ray Champagne [mailto:[email protected]] >> Sent: Friday, May 07, 2010 9:17 AM >> To: cf-community >> Subject: can i write off donated labor? >> >> >> First off, the first person who links to google gets shot - I know I can >> google it, I just want some real-life people's answers/experiences. :) >> Plus, it's Friday and I'm just looking for a distraction before we knock >> off early to go see Iron Man 2 this afternoon... >> >> So my sister has started a non-profit organization (501-3 c) recently and >> has asked me to put together a web site for her. >> >> Can I write off the time I spend (donate) to the organization? >> >> I assume no, but am always looking out for more tax writeoffs (BTW, if you >> donate goods, you all should check out itsdeductible.com - it rocks!) >> >> I'll ask an accountant, of course, if it at all seems legal... >> >> -- >> Ray Champagne >> http://blog.raychampagne.com >> http://twitter.com/raychampagne >> >> >> >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:317712 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
