A member of a tax-exempt business league makes deposits into a strike fund. The contribution reverts to

Question:

A member of a tax-exempt business league makes deposits into a strike fund. The contribution reverts to the taxpayer if the fund is terminated. Are these deposits tax deductible?

Database to search: IRS Letter Rulings Keywords: business, league, strike, fund

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Federal Tax Research

ISBN: 9781111221645

9th Edition

Authors: William Raabe, Gerald Whittenburg, Debra Sanders, Roby Sawyers, Steven Gill

Question Posted: