TITLE

DONATE YOUR INVENTORY

AUTHOR(S)
BARLAS, STEPHEN; MURPHY, ELIZABETH; RANDALL, ROBERT; WILLIAMS, KATHY
PUB. DATE
January 2002
SOURCE
Strategic Finance;Jan2002, Vol. 83 Issue 7, p19
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses an opportunity for tax savings open to U.S. firms who find themselves with excess inventory due to flaccid economic conditions in the wake of the September 11, 2001 terrorists attacks. If a C corporation donates such inventory to charity, federal law permits a deduction equal to the inventory's cost plus 50% of the difference between cost and fair market value, with the overall deduction capped at twice the cost. S corporations may also take a deduction, but only up to the cost of the donated inventory.
ACCESSION #
5781917

 

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