Hi All, We are a small TV base media company. For the next few month, we will host an AD campaign for a non-profit organizations(IRS approved) as in-kind donation. The total value would be 15k. The question is can we use this donation as tax deduction. I have looked some guidelines on IRS, however, none of it applies to service type of donation. Anyone who has had this experiences? Thank you in advance!
In-Kind Contribution
Answers
Most in-kind that I have been involved with have an actual cost (a radio, a boat, boat engines) vs a service.
What is the actual cost of the service? Is there a loss of income because the in-kind adv is substituted for a paying advertisement (not sure if this counts).
Can you prove that you are 100% booked based on previous history for the time period (when you are actually serving up the advertisement)?