Question

Can you give me a few guidelines for making my charitable activities deductible as business expenses?

I particularly like the stockbroker you described in the article titled “How Much Could You Bank If You Turned Your Charitable Contributions into Business Expenses?”

Also, how does the IRS’s racetrack ruling hold up for someone like me who is a financial planner? The ruling discusses a case about a racetrack. (D.W.B., Brockton, Mass.)

Answer

First, keep in mind that business deductions are ... Log in to view full article.