About This Course:
Many business entities and individuals wish to support the mission and programs of important charitable organizations with gifts of inventory and other assets.
This course will review the unique considerations and rules governing the tax benefits for gifts of inventory and other assets. Applicable IRS publications and forms will be shared and explained.
What You'll Learn:Gifts of Inventory- General Considerations
- Tax Deduction Rules
- Income Tax Deduction Limitation for Inventory Gifts
- Special Rules for Food Inventory
- Business Entity Considerations
- C Corporation
- S Corporation
- Limited Liability Corporation
- Partnership
Gifts of Other Assets- General Tax Rules
- Stock
- Real Estate
- Intellectual Property
- Other Special Considerations
- Gifts of Time or Services
- Qualified Sponsorship Payments
- Loans of Cash or Assets