The Chronicle of Philanthropy
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'Forbes': Donations of Patents

The Internal Revenue Service is cracking down on companies that inappropriately claimed charitable deductions for donating "what could be clunker patents," writes Forbes (October 17).

The magazine says the IRS has already denied $1-billion in patent deductions and is auditing another 50 companies that claimed $4.7-billion worth of contributions.

The first public fight over...

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