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Tax, SDIRAs & Cost Segregation

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Jake Sklanka
Pro Member
  • Real Estate Broker
  • Breckenridge, CO
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53
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Are EOY Charitable donations from S Corp tax deductible?

Jake Sklanka
Pro Member
  • Real Estate Broker
  • Breckenridge, CO
Posted Dec 30 2020, 08:29

Hello BP Community,

I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before year end to reduce my tax liability since I made quite a bit more than in previous years. I'd really like to give to a local 501(c)3 non profit rather than the IRS. 

Any tax pros in CO that specialize in this and want a new client? One of my goals for 2021 is to create a tax planning strategy for myself and business.

Hope you're all having a happy and safe holiday season!

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