On December 20,2013,the directors of Quail Corporation (an accrual basis,calendar year taxpayer)authorized a cash donation of $5,000 to the American Cancer Society,a qualified charity.The payment,which is made on April 10,2014,may be claimed as a deduction for tax year 2013.

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Charitable contributions must be made by the end of the tax year in order to be claimed as a deduction for that year. Since the payment was made on April 10, 2014, it cannot be claimed as a deduction for tax year 2013.

On December 20,2013,the Directors of Quail Corporation (An Accrual Basis,calendar