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Tax Law

Forums: Legal, Taxes, Law
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gollum
 
Reply Sun 23 Aug, 2015 06:22 pm
If a person gives a large gift to a not-for-profit university and in return the university names a building after the donor, may the donor deduct the gift on his U.S. tax return?

Or could the I.R.S. disallow (part of) it, on the basis that the donor got something in return and so is not completely a donor?
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Type: Question • Score: 2 • Views: 1,949 • Replies: 2

 
Shineseyal
 
  -1  
Reply Thu 11 Feb, 2016 01:29 am
@gollum,
No idea
roger
 
  3  
Reply Thu 11 Feb, 2016 01:34 am
@Shineseyal,
Wow! Just what he was waiting for.
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