[Hidden-tech] Re: pro bono work

[Baer Tierkel]

Interesting, as I've been told by two accountants over the years that  
you could *not* deduct services rendered to 501(c)3 organizations.   
Definitely worth a closer look, as it would be great if we could!

According to this IRS document:
"You cannot deduct the value of your time or services"

http://www.irs.gov/publications/p526/ar02.html#d0e1381



On Dec 3, 2008, at Dec 3, 2008 5:44 PM, Tish Grier wrote:

>   ** Be sure to fill out the survey/skills inventory in the member's  
> area.
>   ** If you did, we all thank you.
>
>
> If you're dealing with a 501(c)3 organization (or other non-profit  
> org), they can give you a receipt for the cost of your services  
> because you essentially "donated" to them.
>
> It's something like a services-in-kind arrangement.
>
> But, essentially, it *can* be a tax deduction for anyone who's  
> making the contribution of services.
>
> Tish G.
> (who used to do non-profit accounting in a former career.)
>
>
> --- On Wed, 12/3/08, Chris Hoogendyk <hoogendyk at bio.umass.edu> wrote:
>
>> From: Chris Hoogendyk <hoogendyk at bio.umass.edu>
>> Subject: Re: [Hidden-tech] Re: pro bono work
>> To: "Hidden Tech Discussion List" <hidden-discuss at lists.hidden-tech.net 
>> >
>> Date: Wednesday, December 3, 2008, 1:04 PM
>> ** Be sure to fill out the survey/skills inventory in the
>> member's area.
>>  ** If you did, we all thank you.
>>
>>
>>
>>
>> Linda Taylor wrote:
>>> You are right, Maria. When I worked in an office I did
>> a lot of pro bono work. When I lost my job and began to
>> freelance it was the work I had done for community
>> organizations that brought new work to my doorstep before I
>> even advertised. I have to be careful what I take on now
>> because the paying customers come first, but it is a way to
>> branch out and can be great publicity. You just have to make
>> sure that there is a way that the public knows that it was
>> your work. And it is probably wise to make it clear to the
>> organization just how much work you are putting into it and
>> how much they are saving. A lot of our work is undervalued
>> as it is and we don't want to perpetuate that myth.
>>
>> hmm. Someone might want to comment on tax issues. If you
>> made out an invoice and had them sign off on it as a
>> contribution, it would serve the dual purposes of making
>> them aware of the cost to you and the cost savings to them
>> as well as giving you a document for tax purposes as an
>> itemized contribution. Would this then apply only if it were
>> a charitable organization? I have no clue. I'm just
>> putting this out there for someone who does have a clue to
>> comment on.
>>
>>
>> -- ---------------
>>
>> Chris Hoogendyk
>>
>> -
>>  O__  ---- Systems Administrator
>> c/ /'_ --- Biology & Geology Departments
>> (*) \(*) -- 140 Morrill Science Center
>> ~~~~~~~~~~ - University of Massachusetts, Amherst
>> <hoogendyk at bio.umass.edu>
>>
>> ---------------
>> Erdös 4
>>
>>
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