Quote:
Originally Posted by whiskyb
If a business collects x amount of money and donates it do they receive a tax deduction? Always wondered if that's the main reason they do this
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I believe that this is a "pass thru" and won't have any effect on the taxes. Basically, the money collected is not recorded as a revenue and the donation is not recorded as an expense.
I would be more curious if the money actually collected is the exact amount donated, sometimes those cups get emptied into someone's pocket.