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Tax tip: donate excess inventory.(News Watch)(Donate to The National Association for the Exchange of Industrial Resources)(Brief Article)
A quick and easy way to get rid of excess inventory and save money on taxes is to donate the products to The National Association for the Exchange of Industrial Resources (NAEIR).
By donating to NAEIR (Galesburg, IL), regular C corporations may deduct the cost of the goods plus half the difference between cost and fair market value. The deduction could be up to …
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