this post was submitted on 10 Jul 2023
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This isn't a bill from st judes but you should know you were just soliciting a tax write off for your company. That's why they do that stuff
The company doesn't get to tax write off other peoples donations.
They make a donation and use people's money to cover the cost
No. That isn't how it works either. Well they might use that to meet the pr pledge but that isn't the same as taking the deduction.
As I told the other person if you actual have any proof to back that up report it to the IRS and collect your bounty.
Yesh the article I linked mentions a tiktok/meme that went around 2 years ago probably where I got it. Basically misinterprets companies getting pr with a tax writeoff
Do they not have to pay tax on the money people give them?
I think it depends how it's being done. If they just collect the donation and hand it off it's not helping them. Sometimes the fine print is that they're donating a percent of sales or whatever so if you donate $5 on a $50 sale that might be a higher percentage than what they donate. Now that I'm reading about it I might be wrong https://apnews.com/article/fact-checking-000329849244
You think so huh?
Why don't you show me any proof otherwise if you know so much.
In fact if you have any proof otherwise why don't you send it to the IRS they pay actual bounties on actionable tips on tax evasion.