[pianotech] Donating tunings and tax deductions

[Porritt, David]

Tom:

I don’t think they ever gave “legitimate” a passing thought.

dp

David M. Porritt, RPT
dporritt at smu.edu

From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of Tom Servinsky
Sent: Thursday, March 19, 2009 6:33 AM
To: pianotech at ptg.org
Subject: Re: [pianotech] Donating tunings and tax deductions

I agree with Israel's statement about maybe it's time to look for another accountant
On a side note, anyone catch the latest news clip about Bernie Maddof's accountant being arrested yesterday? I would have loved to been a fly on the wall when those 2 were conniving what they deemed legitimate or not.
Tom
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----- Original Message -----
From: Israel Stein<mailto:custos3 at comcast.net>
To: pianotech at ptg.org<mailto:pianotech at ptg.org>
Sent: Wednesday, March 18, 2009 10:31 PM
Subject: [pianotech] Donating tunings and tax deductions


Wed, 18 Mar 2009 11:02:57 -0600
"John Dorr" <a440 at bresnan.net><mailto:a440 at bresnan.net%3e> wrote:

David Love wrote:
I routinely donate my services to a few charity events (auction type) around
for fund raising purposes. I usually donate 2 or 3 to each event. It is
very good advertising and, if nothing else, gets you some new customers plus
helps out organizations in need. You cannot, however, get a tax deduction
for that. At least not a legal one.

David Love
www.davidlovepianos.com<http://www.davidlovepianos.com>



I just called my accountant. She says that indeed I CAN make those deductions. It's called a donation "in kind", and you get a receipt from the organization (which I DO) and the organization must be recognized as a charitable organization. So I will be continuiing to take those deductions! Sometimes that kind of charity is about the only charity I can afford!

John Dorr
Helena, MT
John,

I just looked in IRS publications 17 and 526 under "Contributions you cannot deduct". Both include the item "The value of your time and services" as non-deductible contributions. "Contributions in Kind" refers to tangible items, not time or services. If I were you, I would start looking for another accountant...

Israel Stein
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