11. EX.17-20 12. EX.17-20.Algo 13. EX.17-21 14. EX.17-25 15. EX.17-26 16. EX.17-27 If the corporation makes the contribution in 2022, it can deduct $ 5,250 25,000 as a charitable contribution, which will save in Federal income tax. However, if the corporation makes the contribution in 2023, the percentage The corporation will save limitations applicable to corporations will limit the 2023 deduction to $ $ 2,100 5 be able to deduct $ 10,000 . in taxes as a result of this deduction. The corporation may carry the remaining amount forward for up to years or until exhausted. If the corporation continues at the 2023 profit level for subsequent years, it would of the carryover in 2025. The deduction of the $ $ 10,000 of the carryover in 2024 and the remaining $ 15,000 3,150 ' for a total tax savings of $ 5,250 5,000 carryover amount would result in an additional tax savings of 17. PR. 17-31 18. PR.17-34 19. PR.17-38 20. PR.17-37 21. PR.17-40 22. PR.17-42 23 DD 17_17 < Although this analysis indicates that the corporation will save $ 5,250 regardless of the year of the gift, the present value of the deductions must also be considered. If the contribution is made in 2022, all the savings will occur in 2022, resulting in a present value of $ for the deduction. If the corporation makes the contribution in 2022, its tax savings 5,250 will be split among several years. Based on the earlier profit assumptions and a 5% discount rate, the present value of a contribution in 2023 would be $ 2,000 X. Thus, a contribution in 2022 would result in a present value tax savings of so that ownership $ 3,250 X. My advice is that the corporation should make the contribution immediately of the stock can be transferred by December 31 Sincerely, Alicia Gomez, CPA