contribution deductability...

[K-t-F]

Can someone provide me a cite that will convince a new client that he can deduct the contribution for 2006 eventhouugh the contribution is paid in 2007?

[Guest mjb]

Pub 560, P 13. Rev rule 76-28.

[Kevin C]

Here's another cite.

404(a)(6) TIME WHEN CONTRIBUTIONS DEEMED MADE. --For purposes of paragraphs (1), (2), and (3), a taxpayer shall be deemed to have made a payment on the last day of the preceding taxable year if the payment is on account of such taxable year and is made not later than the time prescribed by law for filing the return for such taxable year (including extensions thereof).