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
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Call in ‘sick’ for Sandy victims

Get PDF file

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

Previous post:

Next post: