|
|
|
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 car donation san diego news
Crash also killed kin of tribal chairman San Diego Union Tribune, United States - She had recently earned a master's degree in public health from San Diego State University. She worked at the University of California San Diego with a ... |
Traveling vendors work stadiums coast to coast Philadelphia Daily News, PA - "My car is 3 years old and has 130000 miles on it," he said in an e-mail. "So I figure [I travel] about 35000 miles a year. I have worked in 21 baseball ... |
 KOMU-TV | Wheeling and Volunteering KOMU-TV, MO - ... not only am I donating my time but I'm donating a little bit of money also," said Troy. Not all programs have been as lucky. In San Diego, a volunteer ... |
Useful car donation san diego resources
|
Donate Car For Charity - Your Car Donation in San Diego Benefits ... Donations of used cars, boats, and trucks can benefit a not-for-profit charity http://www.donate-car-for-charity.com/ |
|
City of San Diego Directory - donate car donation San Diego Link directory for the city of San Diego. Brought to you by Charity Car Donation. http://www.givecars.com/ |
|
Donate Your Car! Donate Your Car! Catholic Charities of San Diego depends on the generosity of http://www.ccdsd.org/ |
|
San Diego Humane Society: How You Can Help: How to Make a Donation Donate your vehicle to the San Diego Humane Society and SPCA. A simple phone call http://www.sdhumane.org/ |
|
Donate Car San Diego - Car Donation San Diego - Donate Your Used ... Car Donation San Diego. Please donate your car/truck/rv/trailer even if it is http://www.prayer.la/ |
|
BBB of San Diego and Imperial Counties - Alerts & News (SAN DIEGO, July 2002) -- Before you donate to a charity that fenderless clunker http://www.sandiego.bbb.org/ |