hotdesk Posted August 15, 2005 Share Posted August 15, 2005 Our troop has been doing a cartridge recycling fundraiser and now wants to start getting local businesses to participate. Through my research I have found out that the cartridge recycling companies all advise that you can tell them that their donation is tax deductable. However, how do you provide a receipt. What should be on it? Should it be on a special type of paper? Who should sign it, the Fundraiser Coordinator, Treasurer, Committee Chairman? etc. What and how do you do this? Link to comment Share on other sites More sharing options...
frank10 Posted August 15, 2005 Share Posted August 15, 2005 Since a business has already deducted the enitire cost of the cartridge they can not then count it as a donation and deduct it again. All they need from you is a "thank you" to hang on their wall. On the other hand, your avarge Joe may be able to use the deduction but even then it woun't help him much since how many can he have in the forst place. Link to comment Share on other sites More sharing options...
scoutldr Posted August 15, 2005 Share Posted August 15, 2005 The best practice for any donation of materials is to just describe the donation , e.g., "three used toner cartridges, model XXXX". It's between the donor and the IRS to determine the value of the deduction, and there are strict rules for doing so. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now