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The delay may have something to do with complying with local laws. I suspect that since this is limited to non-profits, Apple is claiming some portion of this $
by oddevan 9y ago
The delay may have something to do with complying with local laws. I suspect that since this is limited to non-profits, Apple is claiming some portion of this $99 as a tax deduction. If this is what is "funding" the program, then they need to make sure the legal framework is in place in other countries.
- adanto6840 9y agoPurely curiosity, but surely that can't be how it works? It kind of makes sense at face value, but seems like a monster loophole[1], too -- I'd be curious if anyone could point me towards more reading on the topic. 1 - Bob wants tax deductions. Bob decides to sell pencils for $50k each. Bob discounts them to $0 for non-profits. Can Bob deduct $50k per pencil, for each sold to a non-profit?? Maybe Bob can only deduct his cost, or something?
- wlesieutre 9y agoIRS lets you claim "fair market value" on donations. https://www.irs.gov/publications/p561#idm140501112136960 https://www.irs.gov/publications/p561#idm140501112136960
- oddevan 9y agoFrom what I remember of working with a non-profit, there are limits to "gift-in-kind" donations. Apple sells the license at $99, but they can probably only claim $50 or so since that's what the actual "cost" of an iOS developer is. So in your example, yes, Bob could only deduct the cost of the pencils, not his inflated "value".