Discussion:Benevolence Deduction
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Discussion Forum Index --> Advanced Tax Questions --> Benevolence Deduction
Discussion Forum Index --> Tax Questions --> Benevolence Deduction
| 7 March 2008 | |
| A client is required to donate to his company Benevolence fund, The company used the fund for employee, who have unexpected expenses, like funerals, major hospital bills and etc. Since this is required , is this a charitable deduction? | |
Scottycoyote (talk|edits) said: | 7 March 2008 |
| doubtful
since the company isnt a recognized charity, and the money will be doled out to employees, possibly even to the donater, i would be surprised if this was a deduction | |
Death&Taxes (talk|edits) said: | 7 March 2008 |
| It surely is not, for the same reason Scottie gives, and because what he is doing is making a de facto gift. | |
RoyDaleOne (talk|edits) said: | 7 March 2008 |
| A client is required to donate to his company Benevolence fund, is this a correct statement? That is the client would be fired if the client did not donate to the fund, and the requirement is in a written employment policy or contract. | |
| 7 March 2008 | |
| Who does he work for, the Mob? What state would permit this? When I was with the Loyal Order of Moose, we had to donate when a fellow moose got his last taste of bush (they were wild about huckleberry, some went in for blackberry, but it would take them out), but that was peer pressure and brotherly condemnation, and we were not threatened to be de-Moosed. Best thing he can do Kermit is to spend 4k on a labor lawyer that he can never get on the phone, throw a discrimination claim in there, and he can write the whole fee off. | |
| 7 March 2008 | |
| The benevolence deduction is on his pay check dedection and he said he was required to a dedection. I know the money is not going to a charitable org | |
| 7 March 2008 | |
| Employee business expense. Right next to job hunting expenses. :) | |
Bottom Line (talk|edits) said: | 7 March 2008 |
| Sounds like there's lots more to this than we're initially hearing. | |
Death&Taxes (talk|edits) said: | 7 March 2008 |
| I was waiting for someone to type that; there was an attorney in Montgomery County PA in the 1980s who used to list the donations for events like babies, deaths, promotions, as "Prom Parties." He would charge an audit fee with his bill, so that any audit would be handled at no charge. When audits would come, he would wait for the 90-day and petition Tax Court and settle in Appeals. IRS decided to audit all of his clients. I recall having to deal with three or four of these, when his customers decided he was the problem, and in an Appeals meeting, the officer said "Prom Parties! How can you deduct that?" | |
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