How to calculate charitable contribution carry over? How long can it be carried over ?

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ekkarill92 answered 1 year ago

Charitable Contribution Deduction Rules describe the charitable contribution deduction rules applicable to corporations.

Iris is planning to make a charitable contribution to her church of $50,000. She can either...

Iris is planning to make a charitable contribution to her church of $50,000. She can either give $50,000 of cash, or stock worth $50,000 and a basis of $10,000 and which she has held for 5 years. The donation of which property gives the better tax result? If Iris’ AGI was $90,000 what other considerations would she have to take into account?

Explain Hegel's dialectic and how it was carried over into Marxism.

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Discuss the way(s) in which the charitable contribution deduction is problem-atic..

1. Which of the following represents an amount deductible as a charitable contribution? a. The FMV...

1. Which of the following represents an amount deductible as a charitable contribution? a. The FMV of capital gain property held over 12 months. b. $500 cash given to a needy family in California. c. The FMV of short-term capital gain property. d. The adjusted basis of appreciated intangible personal property held over 12 months. e. None of the above. 2. Medical travel expenses are deductible in 2015 at the standard mileage rate of: a. $.14 per mile. b. $.24...

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The board of directors for Oak Corporation authorized a charitable contribution to a qualifying nonprofit organization....

The board of directors for Oak Corporation authorized a charitable contribution to a qualifying nonprofit organization. However, the contribution was not actually made before the end of the tax year. Under what circumstances could the company still take a current-year deduction for this contribution?..

Which of the following contributions is allowed as a charitable contribution deduction? a. Lost income associated...

Which of the following contributions is allowed as a charitable contribution deduction? a. Lost income associated with rent free use of a taxpayer’s property by a qualifying charity. b. Automobile mileage incurred by the taxpayer in rendering services to a qualifying charity. c. The value of time or services rendered to a charitable organization. d. All of the above. e. None of the above.

discuss the potential implications of the charitable contribution deduction after changes to the tax law.

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