Thursday, June 08, 2006
A Donor's Guide to Car Donations Part-1
The IRS recently issued Publication 4303 "A Donor's Guide to Car Donations" which offers advice to anyone considering donating their unwanted car to charity. "We're very happy the IRS has finally issued these guidelines," says Karen Campese, President and CEO of cars4charities, a nationwide car donation center. "They answer many of the questions potential car donors ask us."
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Wednesday, June 07, 2006
The IRS issues: A Donor's Guide to Car Donations Part-6
"Ask questions," you should be comfortable with the charity you are donating your car to. If they are not willing or able to address all your concerns, go somewhere else.
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Tuesday, June 06, 2006
The IRS issues: A Donor's Guide to Car Donations Part-5
4. Make sure the charity you donate to provides you with all necessary tax receipts.
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Monday, June 05, 2006
The IRS issues: A Donor's Guide to Car Donations Part-4
3. Be honest in determining the value of your car. Only the fair market value can be deducted. This is usually not the same as the "high blue book value". If the fair market value exceeds $5,000, you must have a written appraisal.
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Click Here to make a Donation
Sunday, June 04, 2006
The IRS issues: A Donor's Guide to Car Donations Part-3
2. Make sure you will receive a tax benefit. To claim your deduction, you must itemize on your federal tax return. In addition, there are certain limitations on charitable contribution deductions. Check with your tax advisor or the IRS for details.
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Friday, June 02, 2006
The IRS issues: A Donor's Guide to Car Donations Part-2
Before donating your car, the guidelines recommend you;
1. Make sure you donate your car to a qualified organization. Not all charities are alike. Donating to a 501 (c)(3) public charity will ensure that your donation will be deductible.
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1. Make sure you donate your car to a qualified organization. Not all charities are alike. Donating to a 501 (c)(3) public charity will ensure that your donation will be deductible.
Click Here to make a Donation
Thursday, June 01, 2006
The IRS issues: A Donor's Guide to Car Donations Part-1
The IRS recently issued Publication 4303 "A Donor's Guide to Car Donations" which offers advice to anyone considering donating their unwanted car to charity. "We're very happy the IRS has finally issued these guidelines," says Karen Campese, President and CEO of cars4charities, a nationwide car donation center. "They answer many of the questions potential car donors ask us."
Click Here to make a Donation
Click Here to make a Donation
