Irc Section 170 C

C charitable contribution defined.

Irc section 170 c. Irc section 170 c 2 a specifically limits the tax deduction to corporations funds or foundations created or organized in the united states or under the laws of the united states. Internal revenue code section 170 f 11 c charitable etc contributions and gifts. Internal revenue code section 170 c 2 charitable etc contributions and gifts.

There shall be allowed as a deduction any charitable contribution as defined in subsection c payment of which is made within the taxable year. A charitable contribution shall be allowable as a deduction only if verified under regulations prescribed by the secretary. 508 d or 4948 c 4 subject to the conditions specified in such sections.

Private shareholder or individual. 170 c 2 a corporation trust or community chest fund or foundation. 170 c 1 a state a possession of the united states or any political subdivision of any of the foregoing or the united states or the district of columbia but only if the contribution or gift is made for exclusively public purposes.

Ii providing for the determination of an amount to be treated as net income of the donee which is properly allocable to qualified intellectual property in the case of a donee who uses such property to further a purpose or function constituting the basis of the donee s exemption under section 501 or in the case of a governmental unit any purpose described in section 170 c and does not possess a right to receive any payment from a third party with respect to such property. No deduction shall be allowed under this section for a contribution to or for the use of an organization or trust described in section 508 d or 4948 c 4 irc sec. For purposes of this section the term charitable contribution means a contribution or gift to or for the use of.

Internal revenue code irc 170.