In Arizona, our liquor laws permit nonprofits to apply for one-day special event liquor licenses as long as the nonprofit receives at least 25% of the gross liquor sales. Our nonprofit was approached by a venue whose permanent license is pending, because they had an upcoming festival scheduled. We agreed to be the beneficiary of the event, and thus they got their one-day license.
The owner of the venue has asked if we can give him a receipt for a tax-deductible donation, in the amount of the 25%. I can't wrap my mind around whether or not this would violate the rule that donations are deductible only to the extent that they exceed the value of what the donor receives. Is that my problem to worry about, or should I just issue him the receipt and tell him that the rest is between him, his CPA and the IRS?
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