>>102029229>>102029356Neither of you understand charity tax deductions. You write off revenue. If the money doesn't touch your account, you can't deduct anything. If the money is handled as a liability (i.e. it's money you're holding, but it's not actually yours; you're contractually obligated to give it to the charity) it's not revenue so you can't deduct anything. If you're handling it as revenue (e.g. "I intend to donate any money given to me during this stream, but don't guarantee it," thus no obligation, thus not treating it as a liability) then you can deduct the money, but the result is equivalent to never having recieved the money. You're taxed on `revenue - tax deductions`, so if you receive $1000 to be given to charity, you have the following: `(R + $1000) - (D + $1000) = R - D`. So your taxable income doesn't change after your fundraiser. And of course you didn't make any money by receiving then giving $1000.
You can benefit indirectly from charitable donations, but not through "tax deductions" the way many people think. The main benefits are PR, or social or financial benefits to select individuals of the company, at the expense of the company as a whole.
