Examlex

Solved

Contributions to Public Charities in Excess of 50% of AGI

question 66

True/False

Contributions to public charities in excess of 50% of AGI may be carried back 3 years or forward for up to 5 years.


Definitions:

Demographic Information

Statistical data relating to the population and particular groups within it, including age, race, gender, income, education, and employment.

Ethnic Background

Refers to an individual's cultural heritage, including nationality, lineage, ancestry, and language.

Family Educational Rights and Privacy Act

A federal law in the United States that aims to protect the privacy of student education records, giving parents specific rights with respect to their children's education records until the age of 18, when these rights transfer to the students.

Related Questions