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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Tuesday, Dec. 13 Expenses – Charitable Contributions #112Contributions made to charitable organizations technically do not qualify as a business expense eligible for a federal tax deduction. Nevertheless, the IRS does allow most corporations – with the notable exception of S corporations – to deduct charitable contributions on their corporate income tax returns, subject to some limitations. Subscribers have free access to the archives. Click here. |
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