In December 2014,Swallow Company's board authorizes a cash donation of $60,000 to the Hamilton County School District.The amount authorized is paid to the county in two $30,000 amounts in January and April 2015.Presuming a calendar year and accrual method taxpayer,when is the charitable contribution deduction available if Swallow Company is a:
a.Partnership?
b.C (regular)corporation?

Question

Quizplus · Accepted Answer

The Answer of In December 2014,Swallow Company's board authorizes a cash donation of $60,000 to the Hamilton County School District.The amount authorized is paid to the county in two $30,000 amounts in January and April 2015.Presuming a calendar year and accrual method taxpayer,when is the charitable contribution deduction available if Swallow Company is a:
a.Partnership?
b.C (regular)corporation?

In December 2014,Swallow Company's Board Authorizes a Cash Donation of $60,000