|
|
|
Car Donation information
WASHINGTON — Internal Revenue Service officials today announced the release of two new publications dealing with car donations as part of an effort to help taxpayers avoid potential pitfalls when they donate automobiles to charities.
The first publication, Publication 4302, “A Charity’s Guide to Car Donations,” addresses issues that charities need to know to properly operate car donation programs. The second publication, Publication 4303, “A Donor’s Guide to Car Donations,” is focused on individuals who make such donations.
"We want people and the charities to make sure they are taking the proper steps involving vehicle donations,” said IRS Commissioner Mark W. Everson. ”Supporting charitable activities through tax deductible contributions is an important element of tax law and serves the national interest. But we encourage people to proceed carefully when donating vehicles. There are instances where the donations may provide little benefit to the charity."
For a taxpayer, the appeal of a car donation is simple: Unload an old car, help a worthy cause and take advantage of tax provisions designed to support the generosity of Americans. Taxpayers who itemize their deductions may be able to claim a charitable contribution for the cars they donate to charity. The deduction may not exceed the fair market value of the car.
In recent years, the number of car donation programs has increased dramatically. This growth, however, has taken place without taxpayers and charities always understanding their obligations under tax law.
Both publications were written in conjunction with state charity officials, as part of an ongoing effort by state and federal officials to work together to educate taxpayers and charities.
Publication 4302, A Charity’s Guide to Car Donations, provides descriptions of several different car donation programs, filing and disclosure requirements for charities operating these programs and related information. Included among the description of vehicle donation programs is an example of an arrangement that would fail to preserve the deductibility of a contribution.
Publication 4303, A Donor’s Guide to Car Donations, reminds taxpayer that they need to make sure they are donating their vehicle to a qualified organization, receive a written acknowledgement from the charity, keep records and properly assess the fair market value of their vehicle.
Both publications are intended to assist individual taxpayers and those operating car donation programs to comply with tax law.
Related Items:
Pub. 4302 — A Charity’s Guide to Car Donations (PDF 165K)
Pub. 4303 — A Donor’s Guide to Car Donations (PDF 179K)
Source: Internal Revenue Service IRS. gov (Department Of The Treasury)
Latest alabama car charity donation mobile news
 al.com (blog) | National honor group to donate flag for slain police officer Steven Green's ... al.com (blog) By Mark R. Kent, Press-Register MOBILE, Alabama -- As preparations are being made for the funeral of slain Mobile police Officer Steven Green, a flag will be donated by a Texas-based group to be used in ceremonies for the fallen officer. |
 al.com (blog) | James Gordon running for Baldwin County probate judge al.com (blog) That's where you get your marriage license, your car or boat tag, wills take place there, options, name changes, commitments and the entire electoral process is shaped out of that office." A television reporter in the Mobile and Baldwin County area for ... |
 Press-Register - al.com (blog) | South Mobile County ministry feeds the homeless Press-Register - al.com (blog) By Press-Register Correspondent View full sizeAlbert and Rhonda Belcher, volunteers with the Isaiah 54 Street Ministry, sort donations. (Courtesy of Sharon Hartley-Hansen) TILLMAN'S CORNER, Alabama — On Christmas Eve and again on Christmas Day, ... |
Useful alabama car charity donation mobile resources
|
Donate Car For Charity - Your Car Donation in Alabama Benefits the ... It's easy to donate your car, truck, boat or RV in Alabama. ... The original Mardi Gras in Mobile, one of the oldest events in America, first held in 1703. ... http://www.donate-car-for-charity.com/ |
|
Car Donation Charity Testimonial - Mobile Alabama AL - donate car Letter of praise from for the great works of the Teddy Bear Cops Car Donation Program. Help us continue to get great results! Donate your automobile ... http://www.givecars.com/ |
|
Car Donation Charity Mobile, Alabama (AL). Car Donation Charity Mobile From The Child Abuse Hotline Dot Com. When you donate your used car, truck, SUV or other valuable property, The Child Abuse ... http://www.thechildabusehotline.com/ |
|
Car Donation In Alabama at 800charitycars.org: Car Charity In ... Your source for donating a car in Alabama and a car charity in AL. ... Mobile Car Donation · Montgomery Car Donation. The Original Charity Cars. ... http://www.800charitycars.org/ |
|
Car Donation Charity - donate used car automobile donation Charity used car donation center. Donate a car or any used vehicle and help. Easy, fast, friendly, FREE nationwide car automobile vehicle donation pickup. http://www.givecars.com/ |