"Al Patrick" wrote
About the Degen 1103. . . Not sure. . . Isn't that the one Bro. Stair
"gives away" - for an $80 offering. If you're in need of a tax
deduction you might consider that. You'd have no sales tax on it. You
CAN'T say you want to BUY or ORDER the radio. You have to tell him you
are sending an OFFERING and then REQUEST the radio if he still has them
available. This way he avoids paying state sales tax on it as well. I
don't know what other benefits he has except to possibly be exempt from
some kind of sales tax audit. He is very adamant about the wording of
the request, but you can get a tax break from it - if needed.
*If* this brother-stair is a registered 501(c)3 charitable organization
(tax-exempt, not just a non-profit organization), then you could deduct from
federal and state income an amount equal to your contribution (minus) the
fair value of the radio given in exchange. You would be required by any
state of domicile that has a sales tax, to declare the same difference and
pay "Use Tax" on it. Does he explain this in his claim of tax breaks?
Jack
|