this post was submitted on 10 Jul 2023
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They make a donation and use people's money to cover the cost
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
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