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What is the tax treatment for a donation a corporation give to a LLC for a funeral reception?
Posted by admin on Jan 29th, 2009
fsquiabro asked:
The reception would be for the funeral of the owner.
The reception would be for the funeral of the owner.
Would the LLC be required to fill out a W9 form?
It’s not a donation because the LLC is not a charity.
It is a non-deductible expense.
If the payment is over $500, get a W9 and send a 1099 at year end. This is required because the payment is to a non-corporate entity, as requried by IRS regulations