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
Learn. Earn. Ride.
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