lukeprog comments on Reply to Holden on The Singularity Institute - Less Wrong

46 Post author: lukeprog 10 July 2012 11:20PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Article Navigation

Comments (213)
Tags: siai ai_risk

Comments (213)

You are viewing a single comment's thread. Show more comments above.

Comment author: Eliezer_Yudkowsky 10 July 2012 12:47:41AM 13 points [-]

You can't deduct the value of services donated to nonprofits. Not sure your friend is as knowledgeable as stated. Outside accounting is expensive and the IRS standard is to start doing it once your donations hit $2,000,000/year, which we haven't hit yet. Also, SIAI recently passed an IRS audit.

Comment author: lukeprog 10 July 2012 01:07:58AM 8 points [-]

Eliezer is right: RobertLumley's friend is mistaken:

can the value of your time and services while providing pro bono legal services qualify as a charitable contribution that is deductible from gross income on your federal tax return? Unfortunately, in a word, nope.

According to IRS Publication 526, “you cannot deduct the value of your time or services, including blood donations to the Red Cross or to blood banks, and the value of income lost while you work as an unpaid volunteer for a qualified organization.”

Powered by Reddit Powered by Reddit