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|Forum name||Financial Feast|
|Topic subject||Pro Bona work for own company|
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.
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