IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Tax Benefits and Considerations for Contributions of Inventory and Other Assets by Business Entities (OnDemand Webinar)

$219.00

SKU: 411546EAU

Description

Understand the tax benefits and rules related to gifts of inventory and other assets.Many business entities and individuals wish to support the mission and programs of important charitable organizations with gifts of inventory and other assets. This course will review the unique considerations and rules governing the tax benefits for gifts of inventory and other assets. Applicable IRS publications and forms will be shared and explained.

Date: 2024-10-25 Start Time: End Time:

Learning Objectives

Gifts of Inventory
• General Considerations
• Tax Deduction Rules
• Income Tax Deduction Limitation for Inventory Gifts
• Special Rules for Food Inventory
• Business Entity Considerations
• C Corporation
• S Corporation
• Limited Liability Corporation
• Partnership

Gifts of Other Assets
• General Tax Rules
• Stock
• Real Estate
• Intellectual Property
• Other Special Considerations
• Gifts of Time or Services
• Qualified Sponsorship Payments
• Loans of Cash or Assets

Philip M. Purcell, Esq-Consultant for Philanthropy, LLC