[Hidden-tech] web design for the Northampton Survival Center

[Edbride-PR]

Re: [Hidden-tech] web design for the Northampton Survival CenterAgreed, but this screws people who only have their time to sell. If I donate a car, I get to deduct fair value. But if I donate my time, which could otherwise be spent earning money doing the same thing for a paying client, I'm still just a nice fellow who donated his time.

I'm not talking about serving on a Board or a committee, pro-bono. If someone earns their living providing professional services, be they legal, accounting, PR, or whatever, and they suspend gainful work while donating these services to a charity or other non-profit organization, it is treated differently than if they donated hard goods.

OK, it is what it is,
Ed

  ----- Original Message ----- 
  From: Rikk Desgres 
  To: 'Hidden Tech' 
  Sent: Monday, January 22, 2007 1:39 PM
  Subject: Re: [Hidden-tech] web design for the Northampton Survival Center


    



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  An old former IRS agent told me that I could deduct 100% of any money earned on a job I did for free for a not for profit. Another words, I didn't earn anything, so I don't have to pay taxes on something I didn't earn. If I also didn't pay anything out (like I would when I give money to charity) it's all even. People should be donating their time because they believe in the cause, not because they night get something back from Uncle Sam.

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