The board of directors of Orange Corporation, a calendar year taxpayer, is holding its year-end meeting on

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The board of directors of Orange Corporation, a calendar year taxpayer, is holding its year-end meeting on December 30, 2014. One topic on the board's agenda is the approval of a $25,000 gift to a qualified charitable organization. Orange has a $20,000 charitable contribution carryover to 2014 from a prior year. Identify the tax issues the board should consider regarding the proposed contribution.
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South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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