Quote:
Originally Posted by CoachKandSportsguy
However, the only way the contribution is now deductible is that the donation goes to the Foundation. If the deduction went to SECO Energy directy, technically SECO is corporation, and donations aren't deductible.
accounting guy
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But, where does the customer fit in? Are you saying that the money taken from the customers is just a non-deductible gift to the SECO corporation and the corporation gets the full benefit for the tax deductible donation when they give it to the foundation? Just asking.