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Tax Tip for Business
The National Association for the Exchange of Industrial Resources
560 McClure Street Galesburg, IL 61401
Ph: 309-343-0704 Fax: 309-343-3165



FOR IMMEDIATE RELEASE                                 CONTACT: EMILY COLLINS
                                                                                                  COMMUNICATIONS ASSOCIATE
                                                                                                  309-343-0704 ext. 205
                                                                                                  309-343-3165 (Fax)
                                                                                                  ecc@naeir.org



INFO YOUR READERS CAN USE!

Tax Relief: Right Where You’d Least Expect It

Attention: CFOs, Accountants, and Tax Advisors. Are your clients coming to you for suggestions on how to save tax dollars? There is a solution for them that even some tax experts aren’t aware of. Donating excess inventory to charitable organizations.

NAEIR, The National Association for the Exchange of Industrial Resources, takes donations of new, overstock or discontinued product and redistributes that product to schools and nonprofit groups nationwide.

These materials and supplies not only benefit deserving organizations, but companies can receive an enhanced income tax deduction that could be up to twice the cost of the goods. This option is made possible by the Internal Revenue Tax Code Section 170 (e)(3).

NAEIR accepts donations of general, consumer goods such as school and office supplies, toys, games, building materials, clothing, tools, and so much more. After a donation is made, NAEIR will provide the donor with the proper paperwork to aid in filing taxes.

To get free information for your company or clients, please contact NAEIR’s Corporate Relations Department at 1-800-562-0955 or e-mail donor@naeir.org.



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