Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10 5/3/83; site rochester.UUCP
Path: utzoo!watmath!clyde!floyd!harpo!seismo!rochester!koomen
From: koomen@rochester.UUCP (Hans Koomen)
Newsgroups: net.taxes
Subject: deducting donations to charity
Message-ID: <6098@rochester.UUCP>
Date: Fri, 6-Apr-84 15:21:32 EST
Article-I.D.: rocheste.6098
Posted: Fri Apr  6 15:21:32 1984
Date-Received: Sat, 7-Apr-84 06:13:46 EST
Sender: koomen@rochester.UUCP
Organization: U. of Rochester, CS Dept.
Lines: 22

From: Hans.Koomen
In 1983, we made substantial contributions to charitable causes. We
happen not to own our house and have few medical, childcare, or other
itemizable expenses.  Even although the donations amounted to a
considerable sum, we don't quite reach the limit of $3400 and can
therefore not itemize.  Hence all we can deduct is the standard
charitable donation deduction of one quarter of $100, which is less
than 5% of what we actually donated!

The questions I like answered are the following. More than half our
income is derived from a consulting business I operate (not a corp., no
employees, just your average garden-variety one-man business).  Is it
possible under these circumstances to make business donations? These
would then come off the top of my business income, and not be taxed
(including the 9.6% FICA!) Or must a business be incorporated in order
to make such donations?  If it is possible, can I do this retro-
actively (ie, for 1983), or is it only acceptable if those business
donations are made using my business checks?

Thanks in advance,

-- Hans  ( Koomen@Rochester,  {seismo,allegra}!rochester!koomen )