Don’t let corporate sponsorships trip you up
$225.00
Description
Abstract: With some financial experts predicting that a recession looms on the horizon, corporate sponsorship dollars can be appealing. However, nonprofit organizations need to take care when crafting such arrangements — or possibly face an unexpected tax bill. This article examines the definition of qualified sponsorship payments, and the difference between advertising and acknowledgments. Source: Internal Revenue Code Section 513(i)
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