Path: utzoo!utgpu!news-server.csri.toronto.edu!rutgers!aramis.rutgers.edu!athos.rutgers.edu!christian From: fr@compu.com (Fred Rump from home) Newsgroups: soc.religion.christian Subject: Re: Tithing Message-ID: Date: 9 Apr 91 08:24:23 GMT Sender: hedrick@athos.rutgers.edu Organization: CompuData Inc. Lines: 35 Approved: christian@aramis.rutgers.edu conan@sizzlean.berkeley.edu (David Cruz-Uribe) writes: >Actually, my guess is that if a duly elected board of directors of a >public corporation voted to donate ten percent (or whatever) of the >corporation's profits to a Church or religious charity, the government >would probably treat it as any other corporate charitable contribution. >At least this is how I read the law. Any corporate lawyers out there? I think there is a general misconception here about charitable donations by a corporation. Since I do quite a bit of business with churches (multi-user church systems), we are often asked to simply donate our goods and write off the cost as a donation. It simply doesn't work that way. Certainly a business may give donations after taxes but they simply come out of the shareholders pockets. Where is the write-off? It's a reduction of profits - nothing else. Donations before taxes need to be legitimate business expenses which the IRS would not look kindly upon. It's not like individual donations that can subsequently be used to reduce the payer's tax liability. I think that's where the confusion comes in. Fred -- W. Fred Rump office: fred.COMPU.COM 26 Warren St. home: fred@icdi10.COMPU.COM Beverly, NJ. 08010 bang: ...{dsinc uunet}!cdin-1!icdi10!fred 609-386-6846 "Freude... Alle Menschen werden Brueder..." - The Ode