Donate excess inventory for 2003 tax deduction.The National Association for the Exchange of Industrial Resources has been operating since 1977 and facilitates moving a company's excess inventory items (new, overstock o·ver·stock tr.v. o·ver·stocked, o·ver·stock·ing, o·ver·stocks To stock more of (something) than necessary or desirable. n. An excessive supply. Verb 1. or discontinued products) to schools and nonprofit organizations Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. nationwide, enabling the donating company to earn an above cost income tax deduction Tax deduction An expense that a taxpayer is allowed to deduct from taxable income. tax deduction See deduction. . A regular C corporation can earn a tax deduction of up to twice the cost of the goods; an S corporation, partnership or sole proprietorship A form of business in which one person owns all the assets of the business, in contrast to a partnership or a corporation. A person who does business for himself is engaged in the operation of a sole proprietorship. would earn a straight cost deduction. Contact NAEIR's Corporate Relations Department: 800/562-0955 donor@naeir.org |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion