Business Valuations for Charitable Gifting
Charitable donations are a wonderful way to benefit charities or organizations.
They also are helpful for your own company, as they can aid in cutting
down on some tax responsibility. Though it may seem simple to make a charitable
contribution, claiming such a donation on your taxes may be more complex
than you expect if that contribution is made with something other than
cash. As a result, having a qualified appraiser value your contribution
is not only crucial, but
required by the IRS.
Gibraltar Business Valuations, we strive to provide excellent service in all we do. Whether you need
counsel on stock and share compensations, charitable contributions, or
impairment testing, our professionals are here to deliver quality service
Contact our business professionals
today for more information.
Requirements for Charitable Contributions
With Gibraltar Business Valuations, your valuation report is thoroughly
prepared by a professional, ensuring you are equipped for tax audits on
your contributions. We have 30+ years of industry experience and are well-versed in the various requirements for non-cash charitable
Donative intent is often overlooked by companies. In order for a contribution
to qualify as a “gift,” a company must have evidence of a
desire to donate.
In addition to donative intent, there are a variety of other factors to
consider, such as issues of:
- Real property
- Intellectual property
- Conservation easements
You can count on us to help you understand the different methods used to
value company shares or intangible property for tax purposes. We can help
you avoid penalties by walking you through the entire process and lending
valuable insight when applicable. With offices in Colorado, Illinois and
Utah, we stand poised to serve businesses across the country. Trust your
business concerns to Gibraltar Business Valuations!
Your Business Needs Are in Good Hands
If you are looking for information regarding charitable donations, contact
our professionals today for an in-depth valuation. When you hire us, we
will work tirelessly to ensure that your charitable contributions are
in step with the IRS and other state and federal agencies. Not only that,
we strive to make sure they are both beneficial for your company and the
organization to which you are donating.
Call us at (855) 231-1401 or
fill out an evaluation form