I have a for profit Sub S corp. Is it legal to accept donations on our website?

2006-09-19 05:01:11 · 1 answers · asked by Rob 2 in Business & Finance ➔ Corporations

1 answers

Yes, it is.

The donations are taxable income to your corporation and,on the website and with the receipt you should offer the donors, you should clearly state that the donation is NOT TAX DEDUCTABLE to them.

2006-09-19 05:20:30 · answer #1 · answered by urbancoyote 7 · 0⤊ 0⤋

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