Defining care for the sick, needy, or infants Page 6 The first important issue under IRC 170 (e) () is whether the grantee's use of the property is related to its exempt purposes and solely for the care of the sick, the needy, or infants. Any charitable contribution (as defined in subsection (c)) paid within the tax year will be allowed to be deducted. A charitable contribution will only be admitted as a deduction if it is verified in accordance with the rules prescribed by the Secretary.
What is irs code 170e3?
Defining care for the sick, needy, or infants Page 6 The first important issue under IRC 170 (e) () is whether the grantee's use of the property is related to its exempt purposes and solely for the care of the sick, the needy, or infants. Any charitable contribution (as defined in subsection (c)) paid within the tax year will be allowed to be deducted.
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