USA Corporate Charitable and Gift Taxes


Joined
Jan 29, 2018
Messages
1
Reaction score
0
Country
United States
If a C corp has gross income of, say,$10,000, and makes a charitable donation for $3,000, gifts another $2,000 to an individual, is the tax obligation only on the remaining $5,000?

Thanks!
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top