Question

For several years, you have prepared the tax return for AlphaCorporation, a closely held corporation engaged in manufacturinggarden tools. On February 20 of the current year, Bill Johnson, thepresident of Alpha Corporation, delivered to your office the filesand information necessary for you to prepare Alpha’s tax return forthe immediately preceding tax year. Included in this informationwere the minutes of all meetings held by Alpha’s Board of Directorsduring the year in question.

Then on February 27, Bill stops by your office and hands you an“addendum” to the minutes of the director’s meeting held December15 of the tax year for which you are preparing the tax return. Theaddendum is dated the same day as the director’s meeting, andauthorizes a charitable contribution pledge of $20,000 to the localcommunity college. With a wink and a big smile, Bill explains thatthe addendum had been misplaced. In reviewing the original minutes,you find no mention of a charitable contribution pledge.

Required:

What should you do?