Tax savings kit helps corporations with deductions
GALESBURG, Ill. — The National Association for the Exchange of Industrial Resources offers a free kit to help corporations with federal income tax deductions.
By donating overstock or slow-selling inventory to a qualified charity, a business can earn a deduction under Section 170 (e)(3) of the U.S. Internal Revenue Code. Included in this how-to kit are tips on identifying types of merchandise that can be donated, step-by-step instructions on the donation process, and a formula for calculating potential tax savings. To request this free kit, call (800) 562-0955.
