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

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 ,

Article Written By:  NA

Original Article Posted on:  January 29, 2021

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