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Archive for March, 2007

File Form 8283 if the sum of your non-cash donations in a year is greater than $500.

Saturday, March 31st, 2007
If you claim a deduction on your return of over $500 for all contributed property, you must attach a Form 8283 (PDF), Non-cash Charitable Contributions, to your return. If you claim a total deduction of $5,000 or less for all contributed property, you need only complete Section A of Form 8283. If you claim a deduction of more than $5,000 for an item or group of similar items, you need to complete Section B of Form 8283, which requires a qualified appraisal by a professional appraiser.


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Choose an IRS-approved charitable organization.

Friday, March 30th, 2007
There are specific Internal Revenue Service regulations on donating cars. The IRS has approved many different types of organizations that accept charitable car donations and then use the proceeds from the sale of the vehicles for charitable purposes and provide the donor with a tax deduction. Remember: choose only IRS-approved car donation charities if you want to take a deduction, and deduct only up to fair market value for the car.


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The IRS can answer your questions and provide necessary forms.

Thursday, March 29th, 2007
The IRS can answer your tax questions on tax deductions on car donations and can provide tax forms, publications, and other reading materials for further assistance. IRS materials are accessible through the Internet at www.irs.gov, through telephone ordering at (800) 829-3676, and at IRS walk-in offices in many areas across the country. The IRS also must make available the charity's application for tax exemption, determination letter, and Form 990.


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Most charities are required to have state filings which you can access to research the charity.

Wednesday, March 28th, 2007
Many states require charities that solicit contributions to register and file certain documents with a state charity regulator, such as the state attorney general or the secretary of state. Most charities must file in their state of incorporation and in other states where they have activities. Many of the state charity officials provide useful information about charities and fundraisers on web sites and in brochures and publications.


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