IRS Vows Crackdown on Improper Deductions for IP Transfers
"We’re seeing an increasing number of donations that don’t pass the smell test. Donations that are overly inflated or made with strings attached are going to receive increased scrutiny,” said IRS Commissioner Mark Everson.
The IRS listed four examples of questionable charitable contributions of intellectual property that have caught the agency’s attention:
- the transfer of a nondeductible partial...
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