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Posted by Harlan Lunsford on January 22, 2007, 3:40 am
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hasuhana@gmail.com wrote:
> Let me first preface this question with a statement of fact:
> I know little to nothing about corporate tax law or
> practices, I am not a tax professional nor am I studying to
> become one, and so I apologize in advance if the answers to
> my questions are so obvious as to be absurd to those far
> more knowledgeable about such matters then myself. Thank you
> in advance.
>
> I have recently taken it upon myself to create a proposal
> for a Employee Volunteer Program (EVP) for the corporation
> with whom I'm employed. Idealy the program would work in
> such a manner as to provide an X amount of paid time off to
> volunteer with qualified charitable organization and
> non-profits for working an X amount of regular hours. With
> such a system in place would my company then be able to
> deduct the cost of the paid volunteer hours as a charitable
> contribution?
Yes, and along with the pertinent payroll tax burden.
However, when separating these costs, do not also include
them in Wages and taxes on those lines.
ChEAr$,
Harlan Lunsford, EA n LA
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