Tuesday, March 17, 2020

Are Public Service Announcements tax deductible for corporations?

Randal Deyarmond: I know what a PSA is, what I don't know is weather or not a for profit corporation can write off the expenses to produce the spots

Clinton Migliori: PSA's are generally in support of a public good being promoted by government, charitable organizations or not-for-profit corporations.They are tax deductions for the broadcasters which air them free of charge. The cost of producing them and getting them aired would be deductible for the non-profits they benefit.Obviously, a for-profit corporation could write off any costs it incurred producing the spots....Show more

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