Which of the following is not required to allow an accrual-method 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 one-half months of the tax year-end.
D) All of the choices are necessary.

Question

Quizplus · Accepted Answer

Approval from the IRS prior to making the contribution is not required for an accrual-method corporation to deduct charitable contributions before payment. The corporation needs board approval and must make the payment within three and one-half months of the tax year-end.

Which of the Following Is Not Required to Allow an Accrual-Method