For year 19, Fallon Corp., an accrual basis calendar-year C corporation, had an $8,000 unexpired charitable contribution carryover from year 18. Fallon’s Year 19 taxable income before the deduction for charitable contributions was $200,000. On December 15, year 19, Fallon’s board of directors authorized a $15,000 cash contribution to a qualified charity, which was made on January 8, Year 20. What is the maximum allowable deduction that Fallon may take as a charitable contribution on its Year 19 tax return?

A corporation deduction for charitable contributions that exceed the current limit for deduction in one year can be carried back __ years and forward __ years.

Which of the following transactions would not qualify as a charitable contribution by a corporation in order to receive the charitable contribution deduction?

Which of the following types of organizations is considered a public charity for purposes of the charitable contribution deduction?