tax exempt?

Message boards : Number crunching : tax exempt?

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Profile Stephen

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Message 55194 - Posted: 20 Aug 2008, 22:52:31 UTC

Is it possible to write off the cost of electricity used as a charitable donation?
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Message 55563 - Posted: 5 Sep 2008, 14:20:14 UTC - in response to Message 55194.  

Is it possible to write off the cost of electricity used as a charitable donation?


NO.. I believe it is not possible because you are not paying the money for the electricity to a charitable organisation. What you use the electricity for is considerred irrelevant.
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The Zipfel Family

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Message 55629 - Posted: 9 Sep 2008, 5:51:56 UTC

I haven't talked to any tax experts on this yet, but I believe it may be possible /if/ you start a corp or non-profit dedicated to the task.

Probably not worthwhile for most individuals.

Can anyone confirm?
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Daniel Kohn

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Message 55638 - Posted: 9 Sep 2008, 13:10:42 UTC

I think it would be neat if someone did it just to show it is possible. The next step would be to get a major corporation to join up and defrey the extra electricity costs with tax incentives. I have tried every place I have worked to no avail. Interestingly, the security issue has not been the biggest problem. It's more about cost cutting. Too bad.
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Profile robertmiles

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Message 55640 - Posted: 9 Sep 2008, 13:37:03 UTC - in response to Message 55638.  

I think it would be neat if someone did it just to show it is possible. The next step would be to get a major corporation to join up and defrey the extra electricity costs with tax incentives. I have tried every place I have worked to no avail. Interestingly, the security issue has not been the biggest problem. It's more about cost cutting. Too bad.


You could propose a project to do such a thing here:

Bill & Melinda Gates Foundation:

http://www.gatesfoundation.org/default.htm

http://en.wikipedia.org/wiki/Bill_and_Melinda_Gates_Foundation

http://www.answers.com/topic/bill-and-melinda-gates-foundation

http://mr.caltech.edu/media/Press_Releases/PR12714.html

http://beta.gatesfoundation.org/Pages/default.aspx

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Message boards : Number crunching : tax exempt?



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