Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1     9/27/83; site saturn.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!harpo!ihnp4!zehntel!hplabs!saturn!johnson
From: johnson@saturn.UUCP (Mark Scott Johnson)
Newsgroups: net.taxes
Subject: Re: deducting donations to charity
Message-ID: <2044@saturn.UUCP>
Date: Mon, 9-Apr-84 12:03:28 EST
Article-I.D.: saturn.2044
Posted: Mon Apr  9 12:03:28 1984
Date-Received: Wed, 11-Apr-84 05:22:47 EST
Organization: Hewlett Packard Labs, Palo Alto CA
Lines: 16

Concerning "channeling" charitable deductions thru a business:

It is my understanding that if the business is a partnership or sole
proprietorship (that is, you file Schedule C), you can NOT make charitable
donations in the business's name.  Even if you use the company checkbook,
the IRS will consider this a personal "drawing" and you can only deduct the
contributions like an individual, on Schedule A.

Corporations are permitted to write-off donations, but I believe they have
limits that are much smaller than individuals (like 5-10%, as opposed to
20-50% for individuals), so even incorporating may not help in your case.
Have you thot about buying a house instead?
-- 
Mark Scott Johnson
CSnet:  Johnson@HP-Labs
USENET: ...!ucbvax!hplabs!johnson