2007-09-30 08:08:42 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Only charities approved by the IRS can accept donations which are deductible to the sponsor.
If you volunteer your services to a charity, your expenses may be deductible by you. You could not personally accept donations and have the donor deduct them. The donations would have to go to the charity.
If your "volunteer" your services and the person receiving the services gives you a "donation," that is taxable income to you since it is payment for service. In this case, if the donor is in business and you performed service for his business, the donor may deduct his payment to you as wages.
2007-09-30 08:38:18 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
No, only approved charities can accept donations that are deductible to the donor.
If you are volunteering for a charity, and someone hands you a check made out to the charity, then you'd turn the check over to the charity and yes it would be deductible for the donor, but I don't know if that's what you're asking.
2007-09-30 21:32:55 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Only if you are a registered charity. Individuals cannot be registered charities. Therefore you can not personally accept any tax deductible donation.
2007-09-30 17:03:56 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If you are trying to contrive a substitute for wages no.
2007-09-30 15:44:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋