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This is a terrific question that I get quite a bit as a Delegate Relations Coordinator and Fundraising Blogger for People to People Ambassador Programs. I actually wrote a post about this exact topic on the People to People Ambassador Pay your Way Fundraising Blog. I encourage you to read the post and it should answer your question. If you find that you need additional help I can be contacted at blogideas@peopletopeople.com.
http://payyourway.blogspot.com/2010/09/why-do-sponsors-ask-for-tax-idwhen-i.html
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Are donations to People to People Ambassador Program tax deductible?
I wrote to P2P with this exact question and received the following answer on Nov. 17, 2009 from their Delegate Relations Coordinator: People to People International, a private sector, nonprofit 501)3 organization originally founded by President Eisenhower. As the travel-coordinating arm of People to People, Ambassador Programs, Inc., is a for-profit organization which provides organizational and logistical support for People to People's non-profit mission. Program tuition or gift donations earmarked and applied toward a student's tuition are NOT tax deductible. IRS regulations state that if the beneficiary of a donation is an individual, the contribution is a non-tax deductible gift. Please keep in mind that we are not tax advisors. You may wish to consult a tax advisor in your area for verification. I would like to add, as a People to People Ambassador Programs, Delegate Relations Coordinator and fundraising blog writer - That it is still possible to ask for contributions and do fundraising.
Are donations to People to People Ambassador Program tax dectible?
No, this is a company that profits from your money, not a charity.
Is a car repair tax deductible?
a car repair can be tax deductible. but typically the stipulation is that the repair would have to be done on a vehicle used for work. typically something self employed people may have the privilage of doing.
Is sales tax deductible from 2007 tax returns?
Sales tax is deductible as an itemized deduction (Schedule A), however you can deduct EITHER: -Sales Tax Paid -State income taxes paid Obviously you would want to deduct whichever is higher. This deduction can be very beneficial to people living in states that do not have an income tax, such as Florida.
What can you tell me about a Roth IRA tax deductible?
The benefit to a ROTH IRA tax deductible is that it is TAX DEDUCTIBLE. But that does not mean that there are no implications, so you still have to be thorough.
Is tax preparation tax deductible?
Yes. Tax Preparation does lies under business investment thus, is tax deductible.
Is Gas sales tax deductible?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Is pet insurance tax deductible in Arizona?
Not deductible on your federal income tax return.
Is depreciation tax deductible?
Not, depreciation is not deductible for tax purpose. Because it is not wholly exclusively in production
Where can I make a tax deductible car donation?
You can make a tax deductible car donation at donateacar.com
What kind of insurance is tax deductible?
Insurance for one's personal property such as auto or homeowner's insurance is tax deductible. Other tax deductible insurances are medical and dental insurances.
Is gas tax deductible on income tax?
no
