Which of the following is unnecessary 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 unnecessary to allow an accrual-method 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 one-half months of the tax year-end are necessary.

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