Irc Section 170

There shall be allowed as a deduction any charitable contribution as defined in subsection c payment of which is made within the taxable year.

Irc section 170. C charitable contribution defined. Internal revenue code section 170 b 1 a charitable etc contributions and gifts. For purposes of this section the term charitable contribution means a contribution or gift to or for the use of 1 a state a possession of the united states or any political subdivision of any of the.

For purposes of this paragraph a qualified contribution shall mean a charitable contribution of property described in paragraph 1 or 2 of section 1221 a by a corporation other than a corporation which is an s corporation to an organization which is described in section 501 c 3 and is exempt under section 501 a other than a private. A allowance of deduction. A the term section 170 b 1 a organization as used in the regulations under section 170 means any organization described in paragraphs through of this section effective with respect to taxable years beginning after december 31 1969 except as otherwise provided.

For rules with respect to transfers in trust and of partial interests in property see section 170 e section 170 f 2 and 3 1 170a 4 1 170a 6. For rules for postponing the time for deduction of a charitable contribution of a future interest in tangible personal property see section 170 a 3 and 1 170a 5. Internal revenue code section 170 c 2 charitable etc contributions and gifts.