"There are potential tax benefits for companies that donate food … IRC Section 170(e)(3) Allows C Corporations an enhanced deduction for qualified contributions of food inventory to qualified organizations." We want to change this IRC code (tax refund) and expand from just C corporations (ex. Costco) to everyone when they donate food to food banks.
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Dumpster Diving Whoooohoooo!!!
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"There are potential tax benefits for companies that donate food … IRC Section 170(e)(3) Allows C Corporations an enhanced deduction for qualified contributions of food inventory to qualified organizations." We want to change this IRC code (tax refund) and expand from just C corporations (ex. Costco) to everyone when they donate food to food banks.
2 Comments
it makes no sense that good food gets thrown in the bin while people are starving right down the street. fix this tax rule already!!
Dumpster Diving Whoooohoooo!!!
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it makes no sense that good food gets thrown in the bin while people are starving right down the street. fix this tax rule already!!