Re: [TheThinkTank] Donations from Businesses

10 Oct 2013 · *Matt VanSlyke*

      Seems that the lesson learned here is....ask a pro when it comes to taxes.
Thanks All.
-Matt
On Thu, Oct 10, 2013 at 3:38 PM, Lesa Franz gadget_teer@yahoo.com wrote:
...
they need to talk with there tax accountant
Lesa Franz
Coatesville Community Bike Works
Sent from my iPad
On Oct 10, 2013, at 3:25 PM, Steven Bradley stevencbradley@gmail.com
wrote:
I'm not a CPA, Matt, but I'm pretty certain they can take actual value for
their donations. Suggest an appraisal or other 3rd party valuation, though.
Sent from my iPhone
On Oct 10, 2013, at 8:55 AM, Matt VanSlyke matt@uticabikerescue.org
wrote:
ThinkTank,
I have been trying to research this and I'm not really finding a complete
answer. Perhaps some of you have personal experience/knowledge that can
help. There is a bike shop in my City that has a stockpile of used bikes in
a warehouse and they've expressed some interest in donating them to our
community bike shop. Does anyone know specifically what the tax advantages
are for the business that donates? I know how it works for individuals but
I don't know how it works for a business.
Does anyone have epxerience with this?
Thanks,
Matt
--
*Matt VanSlyke*
*Utica Bike Rescue*
*714 Washington Street, Utica, NY 13502*
*315.525.9554*
*matt@uticabikerescue.org*
*www.uticabikerescue.org*
*www.facebook.com/uticabikerescue*
*Learn. Earn. Ride.*

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Re: [TheThinkTank] Donations from Businesses

Matthew VanSlyke