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Missouri AHAP Credits
Eligible Donations
Donations may be in the form of:
◊ Cash
◊ Stock
◊ Real Estate
◊ Professional Services
◊ Materials/products
(Must be eligible for the federal income tax charitable deduction
Eligible Donor
To be eligible, a Donor must be subject to Missouri tax from business activities performed in the state of Missouri. More specifically, a Donor must be classified as one of the following:
◊ A corporation filing Missouri Form 1120
◊ A sole proprietorship filing Federal Form 1040 Schedule C and Missouri Form 1040
◊ A farm operation filing Federal Form 1040 Schedule F and Missouri Form 1040
◊ An individual reporting income from rental property or royalties on Federal Form 1040 Schedule E and filing Missouri Form 1040
◊ A small business corporation (S-Corporation) filing Missouri Form 1120S
◊ A partnership filing Missouri Form 1065
◊ A bank, credit institution, savings and loan association, credit union, farmer’s cooperative credit association, or building and loan association filing a Missouri financial institution tax return
◊ An insurance company filing a Missouri Insurance Tax Return with the Division of Insurance
◊ An individual partner in a partnership or shareholder in an S-Corporation
◊ A public or private foundation subject to Missouri tax. The foundation must certify that it is subject to the state income tax imposed by the provisions of chapter 143 RSMo because the unrelated business income of the foundation is subject to Missouri income tax.
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