New law increases deduction limit for corporate cash contributions for disaster relief; IRS provides recordkeeping relief

Author: External Author | | Categories: Small Business Corporation , Small Corporation Taxes

Blogby Speedy Tax Preparation & Bookkeeping Service

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.

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Original Article Source Credits:   IRS ,https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  January 29, 2021

Link to Original Article:  https://www.irs.gov/newsroom/new-law-increases-deduction-limit-for-corporate-cash-contributions-for-disaster-relief-irs-provides-recordkeeping-relief



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