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Post by straightly on Sept 14, 2017 10:45:51 GMT -5
Will it be counted as sales with counter cost of goods sold, or be counted simply as marketing costs, or in its own cost line item?
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Post by straightly on Sept 14, 2017 10:53:51 GMT -5
Will it be counted as sales with counter cost of goods sold, or be counted simply as marketing costs, or in its own cost line item? I ment Harvey. Can one change the thread title? |
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Post by sla55 on Sept 14, 2017 11:01:12 GMT -5
Will it be counted as sales with counter cost of goods sold, or be counted simply as marketing costs, or in its own cost line item? I ment Harvey. Can one change the thread title?
If you want to go back after you've posted and make corrections, you'll have 60 minutes from the time you first publish the post in which to do that (you'll see an "Edit" button on your post). |
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Post by ghochr on Sept 14, 2017 11:06:56 GMT -5
Tax write off . Isn't it equivalent to donation?
Unless some one paid for it to Mannkind and then that party donated which is not in this case.
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Post by mnkdfann on Sept 14, 2017 12:20:31 GMT -5
Tax write off . Isn't it equivalent to donation? Maybe Harvard will do a new case study: Hurricanes as a business model. |
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Post by derek2 on Sept 14, 2017 12:42:42 GMT -5
In-kind donation to the associated charities.
The rule for in-kind contributions is that you can claim a donation equal to the purchase price of your donation or its market value, whichever is smaller.
Limits
If you run a C corporation, the most the company can write off is usually 10 percent of its taxable income. You have to carry anything above that figure forward.
Inventory
If you donate inventory to an organization that uses the donations for the care of the ill, the needy, or infants, you get a better tax break. Suppose you donate inventory to a charitable hospital that cost you $12,000 and is valued at $24,000. Take the cost, then add half the difference between cost and value. In this case half the difference is $6,000, so your total deduction is $18,000. You can take it even if it exceeds the 10 percent limit.
MNKD will have to turn a profit to see benefit from any of this, but that's what we all want anyway.
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Post by prosper on Sept 14, 2017 13:56:28 GMT -5
Unfortunately the one thing we don't need is more tax loss carryforward.
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Post by straightly on Sept 14, 2017 16:45:53 GMT -5
Unfortunately the one thing we don't need is more tax loss carryforward. It does not hurt much either. I ask the question only because, If we saw a huge bump in our sales, it might be the notation. With answers above, it seemed that that was not the case. |
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Post by babaoriley on Sept 14, 2017 18:21:27 GMT -5
Unfortunately the one thing we don't need is more tax loss carryforward. It does not hurt much either. I ask the question only because, If we saw a huge bump in our sales, it might be the notation. With answers above, it seemed that that was not the case. That would be pretty creative accounting, don't want to see any of that! |
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