Describe how a business charitable contribution is treated for tax purposes if the business owner is:
Describe how a business charitable contribution is treated for tax purposes if the business owner is:
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- A 100% corporate shareholder
- A partner in a partnership
- A 100% S corporation shareholder
Be sure to provide an example of a requirement of a qualified charitable contribution. Also, provide an example of how the different rules might affect a decision to make a charitable contribution.
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