Tom, can an single S Corp shareholder contribute appreciated stock held over a year to the S Corp who in turn donates to a charity with a Section 162 business purpose? Thanks.
In your "Crazy Cat" example, does the % need to be advertised and promoted?
In other words, instead of promoting "1% of sales are donated" could it simply be "a portion of the proceeds are donated to charity" and the business can decide the donation amount at a later date?
Tom, can an single S Corp shareholder contribute appreciated stock held over a year to the S Corp who in turn donates to a charity with a Section 162 business purpose? Thanks.
In your "Crazy Cat" example, does the % need to be advertised and promoted?
In other words, instead of promoting "1% of sales are donated" could it simply be "a portion of the proceeds are donated to charity" and the business can decide the donation amount at a later date?
I don't think advertising the percentage is essential to claiming the treatment.