Call in ‘sick’ for Sandy victims — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Call in ‘sick’ for Sandy victims

by on
in Small Business Tax,Small Business Tax Deduction Strategies

Under a special IRS program, an employee may choose to donate amounts owed for leave time—sick, vacation or personal days—in ex­change for cash payments made by the employer to a qualified charity on behalf of Hurricane Sandy victims. This entitles the employer to a charitable tax deduction for the payments.

You have until 2014 to benefit from this tax break. (IRS Notice 2012-69)

Leave a Comment