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.

Fill in the blank(s) with the appropriate word(s).


2021, applying the one-year grace period.

Business

You might also like to view...

Describe the cold turkey (or big bang) approach to system cutover

Business

Which of the following statements is most likely true about direct and digital marketing?

A) They are used to sell goods to an undifferentiated market segment. B) They are inconvenient and lengthen the process for most buyers. C) They remain unaffected by the rapid growth of technologies. D) They build customer engagement and constitute a complete model for doing business. E) They are rarely used by companies as supplementary channels.

Business

Which of the following most likely is a definitely determinable liability during interim periods?

A) Estimated property tax payable B) Accrued interest payable C) Estimated product warranty liability D) Estimated income taxes payable

Business

The Du Pont model measures ROI as it is affected by

a. contribution margin and asset turnover. b. profit margin and asset turnover. c. asset turnover. d. profit margin.

Business