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W&D Weekly
October 17, 2018
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The Latest
Scheduled Downtime
One of the most glaring issues among manufacturers in our industry is the lack of consistent, thorough preventative maintenance programs. But the reality is that proper maintenance and scheduled downtime is the best way to ensure consistent production. Read More
Weigh in on the Industry Pulse Survey
Window & Door’s annual Industry Pulse survey is now open. Manufacturers, suppliers and dealers in the residential window and door industry are encouraged to provide insight and perspective on the fenestration market. Results will be published in the January/February issue. Take the Survey 

More News
Andersen Completes Divestiture of Silver Line Division
Home Renovation Market Activity Keeps Pace in Q4, Houzz Barometer Finds
Roto Adds John Miller to Sales Team
PGT Innovations Appoints Chief Information Officer
BRINC Building Products Appoints Director of Sales
Deceuninck Earns Passive House Certification for Tilt and Turn Window
Product Spotlight
Geon™ Bold Alloys from PolyOne

Interested in dark, weatherable vinyl? Try a free 50 lb. sample of Geon Bold Alloys, made using cool pigment technology. Geon Bold brings together superior weathering performance with excellent color hold, even in the darkest shades, while helping to keep surfaces cool. It’s made to last in exterior window and door applications with a look that resembles expertly stained wood or painted metal. Request your sample today!

The Talk

By Gary C. Smith

Many manufacturers, distributors and window and door retailers face an ongoing challenge: disposing of surplus inventory. Many practice discounting, liquidating and auctioning unwanted merchandise, but this labor-intensive work can yield little profit. 

Another idea is to donate products to charity, also known as product philanthropy or gifts-in-kind donations. This practice has financial advantages, too, thanks to a little-known tax break in IRC Section 170(e) (3). 

This piece of tax code states that, when C Corps donate their inventory to qualified nonprofits, they can receive a tax deduction equal to up to twice the cost of the donated products. Deductions are equal to the cost of the inventory donated, plus half the difference between the cost and fair market-selling price, not to exceed twice the cost. 

For a very simple math example, if a product costs $10 to make and can sell for $30, the difference is $20. Half of $20 is $10. So, $10 (product cost) + $10 (half the difference) = $20 deduction. Because, in this example, the $20 does not exceed twice the product cost, it does not exceed the maximum allowable deduction. It’s that simple and advantageous. Read More




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