A Gift to Charity from Its 2020 Income Is Deductible

question 78

Short Answer

A gift to charity from its 2020 income is deductible on an estate's Form 1041 if it is made by the end of the
(2020, 2021) tax year.

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Definitions:

Unify

To bring together or combine into a single unit or entity for a common purpose.

Unilateral Changes

Actions taken independently by an employer affecting employment terms or conditions without consultation with or agreement from the union or employees, often considered an unfair labor practice.

Wages

Payment to employees for their labor, typically calculated on an hourly, daily, or piecework basis.

Working Conditions

The environment in which an employee works, including safety standards, hours, and amenities, impacting their health and wellbeing.