Assignment
Describe how a business charitable contribution is treated for tax purposes if the business owner is:
• A sole proprietor
• A 100% corporate shareholder
• A partner in a partnership
• A 100% S corporation shareholder
Be sure to provide an example of a requirement of a qualified charitable contribution. Also, provide an example of how the different rules might affect a decision to make a charitable contribution.
Need to include references from IRS USC Codes.