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Forum nameFinancial Feast
Topic subjectPro Bona work for own company
Topic URL
799, Pro Bona work for own company
Posted by sc2ff3tt2, Fri Aug-07-09 04:16 AM
I own a small business. Is it possible for me to work some hours pro bona and then deduct the contribution from my federal income tax? We do this for some pro bona clients we have.
802, RE: Pro Bona work for own company
Posted by LisaPR, Mon Aug-10-09 11:58 AM
According to the IRS "time" can not be deduct on your tax forms for any pro bono clients. You can only deduct tangible items like the gas, tolls, etc for your trips to from meetings whether for a charity or for the business.

Lisa Douglas
Inklusion PR
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