New law increases deduction limit for corporate cash contributions for disaster relief; IRS provides recordkeeping relief
The Internal Revenue Service today explained how corporations may qualify for the new 100% limit for disaster relief contributions and offered a temporary waiver of the recordkeeping requirement for corporations otherwise qualifying for the increased limit.
Original Article Source Credits: IRS ,https://www.irs.gov/
Article Written By: NA
Original Article Posted on: January 29, 2021