Accrual-basis corporations may accrue a charitable contribution deduction in the year preceding payment if the payment is authorized by the board of directors prior to year-end and the contribution is made within 2 1/2 months following year-end.

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Accrual-basis corporations are allowed to accrue a charitable contribution deduction in the year preceding payment under certain conditions, including being authorized by the board of directors prior to year-end and made within 2 1/2 months of year-end.

Accrual-Basis Corporations May Accrue a Charitable Contribution Deduction in the Year