Your client saw an advertisement in the nonprofit chronicles: We Need Your Help! Nonprofit organization needs donations; all donations welcomed but not limited to autos, boats, real estate, etc. Your donation is tax deductible. What would you say to your client concerning federal income tax laws on donations of cash, autos, boats, and real estate and how they apply to corporate taxpayers?

Answer rating: 100% (QA)

A donation is gift made to philanthropic organizations To be deductible the charitable organization must be recognized as such by the IRS donations to ... View the full answer