Yesh the article I linked mentions a tiktok/meme that went around 2 years ago probably where I got it. Basically misinterprets companies getting pr with a tax writeoff
I think it depends how it’s being done. If they just collect the donation and hand it off it’s not helping them. Sometimes the fine print is that they’re donating a percent of sales or whatever so if you donate $5 on a $50 sale that might be a higher percentage than what they donate. Now that I’m reading about it I might be wrong https://apnews.com/article/fact-checking-000329849244
They make a donation and use people’s money to cover the cost
No. That isn’t how it works either. Well they might use that to meet the pr pledge but that isn’t the same as taking the deduction.
As I told the other person if you actual have any proof to back that up report it to the IRS and collect your bounty.
Yesh the article I linked mentions a tiktok/meme that went around 2 years ago probably where I got it. Basically misinterprets companies getting pr with a tax writeoff
Do they not have to pay tax on the money people give them?
I think it depends how it’s being done. If they just collect the donation and hand it off it’s not helping them. Sometimes the fine print is that they’re donating a percent of sales or whatever so if you donate $5 on a $50 sale that might be a higher percentage than what they donate. Now that I’m reading about it I might be wrong https://apnews.com/article/fact-checking-000329849244