Get income tax deduction for his planned

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Reference no: EM131356458

Muhammad, your client, comes to your office. He is from Pakistan and is an avid cricket player. His annual salary and bonus/incentive compensation income, earned as the president of an engineering firm in Virginia, is usually $2 million. He is in the top tax bracket. Muhammad would like to donate $1 million to the Pakistani Cricket Foundation in Islamabad (the foundation is not a U.S. registered charity) to support cricket in his homeland. He assumes he will get an income tax deduction for this. Address the following in your discussion:

1. Will Muhammad likely get an income tax deduction for his planned $1 million donation? Why or why not?

2. Should you try to persuade Muhammad to be more patient and make the donation in his will? Why or why not?

Reference no: EM131356458

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