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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 585
Experience:  10 years experience
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We are an S Corp and looking to donate some overstock

Customer Question

We are an S Corp and looking to donate some overstock inventory to qualified non profit organizations. I did read the IRS Publication 526 under inventory - the deduction for the contribution of inventory is the lesser of fair market value or cost basis.
I have some questions in regards ***** ***** I need a 30 minute consultation with someone with KNOWLEDGE in donations.
Submitted: 1 year ago.
Category: Tax
Expert:  PDtax replied 1 year ago.

Hi from just Answer. I'm PDtax, and can assist.

I'll price a thirty minute consult and post an Offer. Accept, and provide some background, and i will research the issue and advise.

Customer: replied 1 year ago.
How do you post an offer? I have never seen this?
Expert:  PDtax replied 1 year ago.

Please confirm receipt of offer. If it did not arrive, I'll advise site management.

Customer: replied 1 year ago.
This is very high.
Expert:  PDtax replied 1 year ago.

I'll opt out. Other experts can review your request and advise.

Expert:  Lane replied 1 year ago.

I can likely answer you question, but for a 30 minute consult I would have to make an offer at at $100. (As you know JA does NOT pay this all out to us).


I normally bill at $150/hr., so this is very fair.


Further, not so sure we really need 30 minutes for this.


Maybe you could just ask you question here?


Let me know