The IRS has provided guidance on the tax treatment of leave-based donation programs to aid victims of the Ebola Virus Disease (EVD) outbreak in the West African countries of Guinea, Liberia, and Sierra Leone. If the company sets up such a program, then employees can forgo wages or other accrued compensation as a donation to relief for Ebola victims and the employer gets a deduction for this charitable donation. Employer donations to tax-exempt organizations must be made before January 1, 2016.
Listen to my radio interviews with small business & entrepreneurship experts on Build Your Business Radio’s page at wsRadio.com where archived shows are available 24/7 for your listening convenience. Plus, each 3rd Tuesday of the month from 12pm to 1pm/ET you can live stream my interviews with expert guests.
My radio guests today: Brian Castro, National Ombudsman and Assistant Administrator for Regulatory Enforcement Fairness for the SBA, and Giovanni Coratolo, VP of Small Business Policy for the U.S. Chamber of Commerce.
