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Author Question: With respect to charitable contributions by corporations, all of the following rules applywith the ... (Read 64 times)

formula1

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With respect to charitable contributions by corporations, all of the following rules apply with the exception of
◦ unused contributions are carried forward 5 years.
◦ the amount of the contribution deduction is always the adjusted basis of the property contributed.
◦ contributions are limited to 10% of taxable income, computed without regard to the charitable contribution deduction, NOL and capital loss carrybacks, or the dividend-received deduction.
◦ accrual-basis corporations may accrue a contribution deduction in the year preceding payment if the board of directors authorizes such payment prior to the end of the tax year, and the payment is actually made within two and one-half months following the end of the tax year.


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Marked as best answer by formula1 on Sep 13, 2020

missalyssa26

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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formula1

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


carlsona147

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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