Two Questions on Tax-Deduct
ibility and Donations from Businesses
06-02-2010 11:59 PM
I have some experience with Paypal, but i do need help with somethings. I have created a donation button for my non-profit organization. I just recently upgraded to a business account. My two questions are:
1. After an individual donates to my non-profit organization, Paypal automatically replies to the individual with a receipt. is that receipt tax-deductible?
2. I have a donor who wants to donate on behalf of their business. They are requesting that the name of their business should be on the receipt after they donate. How do I do that? When you input the credit card info when donating, it doesn't ask for "Business Name" from the donor just "First Name" and "Last Name".
Anyone's help is greatly appreciated.