Reply #1: For sure, the corporation could write off charitable contributions [View All]

[Selatius]

But I don't think the individual shareholder could claim that. The corporation is essentially considered an individual under the law separate from the shareholders or the executives on the board. (corporate personhood)

I would think that if the corporation donates to charity as a matter of policy, then the corporation, as a person, would be writing off a portion of its taxes each year. You, the shareholder, are not the corporation. You are not the same entity as the corporation under the law. I don't believe you could claim somebody else's tax credits as your own. (That somebody else being the corporation)

I could be wrong here, so somebody who knows the taxs laws more fluently than I can correct me.