A Regular Corporation with Excess Charitable Contributions May Carry the Excess

question 23

True/False

A regular corporation with excess charitable contributions may carry the excess forward to the five succeeding tax years.
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Definitions:

Public And Political Oversight

Public and political oversight involves the monitoring, evaluation, and feedback mechanisms that citizens and governmental bodies implement to ensure public officials and institutions fulfill their duties responsibly.

Freedom Of Information Act

A law that allows for the full or partial disclosure of previously unreleased information and documents controlled by the United States government.

Intrinsically Imperfect

Suggests that something has inherent flaws or limitations, emphasizing the idea that imperfection is a fundamental aspect of its nature.

Imperfectible

The belief that it is impossible to achieve perfection or complete improvement in the human condition.