Consider leave-sharing to help Louisiana storm victims
The IRS approves special tax treatment for leave-sharing
programs in the case of donations to victims of certain disasters, such as the
Louisiana storms. Under a leave-sharing program, your employees forego accrued
paid time off, including vacation or sick days, and your company, as the
employer, makes a donation to a charity that is helping the disaster victims.
Your company deducts the donation as a business expense, and the amounts are
not included on your employees' Forms W-2. Specific rules apply. Contact us for
details.
No comments:
Post a Comment