Corporations May Carry Charitable Contributions in Excess of the Income

question 70

True/False

Corporations may carry charitable contributions in excess of the income limitation forward for five years.

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Definitions:

Self-discipline

The ability to control one's feelings, impulses, and actions to achieve long-term goals.

Self-regulate

The ability of an individual to manage their emotions, thoughts, and behaviors in accordance with their goals.

Self-diagnose

The process of identifying or determining one's own medical condition without professional medical advice.

Mental Retardation

An outdated term previously used to describe a condition of below-average cognitive ability; now more commonly referred to as intellectual disability.