On Tue, Mar 24, 2020 at 5:41 PM Randy Presuhn <randy_presuhn@xxxxxxxxxxxxxxxxxxx> wrote:
Hi -
On 3/24/2020 5:31 PM, Toerless Eckert wrote:
.....
> Hmm.. interesting. Does this mean a scheme where everybody would be
> freely giving conributions instead of meeting registration fees would
> be potentially quite tax advantageous for US participants ?
> Or is there some part that would make such an approach not legal ?
In the US, if you receive some tangible benefit in return for
a donation (e.g. you get fed at a benefit dinner) you must
subtract the value of what you receive from the amount of the
donation before deducting it.
Randy
Assuming that your deductions exceed the standard deduction...
-- Clint Chaplin
Senior Principal Standards Engineer
Samsung Research America
Senior Principal Standards Engineer
Samsung Research America
