Posted by MHK on March 22, 2001 at 09:31:09:
In Reply to: So....are contributions tax deductable for businesses and individuals?!? posted by Dimitrios on March 21, 2001 at 20:01:52:
Given the tax exempt status of the Catalina Hyperbaric Chamber ( ie; a qualified 501 (c)(3) organization) all direct contributions are tax deductible. In other words, if you donate money on behalf of the MHK challenge will be fully tax deductible...
It is important to note that that advice may not be applicable to the Chamber day boat trip and/or the Chamber evening dinner.
I urge you to consult you own tax advisor as I'm not in a position to render tax advice as a spokepserson for the Chamber..
Hint, hint.. Tell your tax advisor to look at Rev. Proc. 90-12 and Rev. Proc 97-57 ;-)
Later