Which of the following is unnecessary to allow an accrual-method calendar-year corporation to deduct charitable contributions before actually paying the contribution to charity?
A)Approval of the payment from the board of directors.
B)Approval from the IRS prior to making the contribution.
C)Payment made within three and a half months of the tax year-end.
D)All of these choices are necessary.

Question

Quizplus · Accepted Answer

Approval from the IRS prior to making the contribution is not necessary for a corporation to deduct charitable contributions before actually paying the contribution to charity. However, approval of the payment from the board of directors and payment made within three and a half months of the tax year-end are necessary.

Which of the Following Is Unnecessary to Allow an Accrual-Method