Internal Revenue Code Section 170

1954 as amended by subsection a 5 of this section sustained in taxable years ending after december 31 1958.

Internal revenue code section 170. Charitable etc contributions and gifts a allowance of deduction 1 general rule there shall be allowed as a deduction any charitable contribution as defined in subsection c payment of which is made within the taxable year. Part vi itemized deductions for individuals and corporations. 170 charitable etc contributions and gifts.

Internal revenue code section 170 c 2 charitable etc contributions and gifts. For purposes of this section the term charitable contribution means a contribution or gift to or for the use of. Internal revenue code section 170 f 8 charitable etc contributions and gifts.

Charitable etc contributions and gifts on westlaw findlaw codes are provided courtesy of thomson reuters westlaw the industry leading online legal research system. F disallowance of deduction in certain cases and special rules. Subchapter b computation of taxable income.

C charitable contribution defined. In the case of a corporation. A charitable contribution shall be allowable as a deduction only if verified under regulations prescribed by the secretary.

Title 26 internal revenue code. Subtitle a income taxes. Chapter 1 normal taxes and surtaxes.

The amendments made by this section amending this section shall apply in respect of foreign expropriation losses as defined in section 172 k of the internal revenue code of 1986 formerly i r c.