Are EOY Charitable donations from S Corp tax deductible?
Hello BP Community,
I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before year end to reduce my tax liability since I made quite a bit more than in previous years. I'd really like to give to a local 501(c)3 non profit rather than the IRS.
Any tax pros in CO that specialize in this and want a new client? One of my goals for 2021 is to create a tax planning strategy for myself and business.
Hope you're all having a happy and safe holiday season!
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Broker
- Keller Williams DTC