posted by Diesel Performance Truck on Jan 20
Dave sure prooves that Ford USE to make GOOD TOUGH TRUCKS. Ain’t one new Truck out there can handle what this truck has been through and still be alive. Song: John Denver, Thank god i’m a country boy.
Archive for January, 2010
posted by Diesel Performance Truck on Jan 20
The cost of diesel fuel is almost
Isn’t that a big expense, and one of the reasons for the high cost of gasoline?
I’snt all gasoline transported by diesel trucks?
posted by Diesel Performance Truck on Jan 19
I am writing a story and need to know what will happen to diesel fuel when it stays gelled for a long time. Say 100000 gallons stored in -40 weather for 5 years. Then heated back up to liquefy the diesel again. Would the fuel still be good to use? Would we have to filter it first before we should use it?
2 days ago – 1 day left to answer.
posted by Diesel Performance Truck on Jan 18
www.1320Video.com – Plenty of people have seen twin turbo vette’s, but how many of you have seen a DIESEL twin turbo vette?!?!? Here’s a teaser video. www.1320video.com
posted by Diesel Performance Truck on Jan 17
I have never owned a diesel and I know they have glow plugs and need to warm up longer than a regular car, but is it really necessary (or even beneficial) to leave them running while parked. I regularly see these trucks idling outside of convenience stores and other businesses while the owner is inside.
I also see people start their trucks and let them idle for ages while they load them up.
posted by Diesel Performance Truck on Jan 17
? Some Car Donation Charities FAQs the IRS Wants You to Know
Though many people consider the Internal Revenue Service (IRS) to be their own personal nemesis, given the ever-increasing cut of income that’s taken every year, the are some car donation charities FAQs it is to everyone’s benefit you should be aware of, as a taxpayer. To that end, the IRS has gone to great length to make their policies easily available in many different ways, some of which are generally more effective than others.
Regardless of how one gets their information about car donation, charities FAQs have been a matter of public discussion ever since the somewhat shady nature of vehicle donation was made apparent in the early ‘aughts. When the General Accounting Office (GAO) issued their groundbreaking report to the US Senate in late 2003 (as a result of public outcry and pressure from states), not even the IRS or Congressional Finance Committees seemed to know the rules and regulations regarding car donation charities.
FAQs have since been adjusted according to the new rules that made it far harder when for-profit companies tried to use legitimate charitable operations to line their own pockets. Now that many of these loopholes have been addressed, your odds of making a charitable automobile donation that you can feel good about are better than ever.
Among the most often asked car donation charities FAQs is how one goes about selecting a good, worthwhile charity. They may contact such a charity immediately, or look up an auto donation service that serves charities they support. The IRS would generally prefer you donate directly to keep potentially obfuscating the amounts actually going to the charities in question.
Of course, the IRS would also like to file the correct paperwork, since even a friendlier IRS still has a slavish devotion to filling out standardized forms. In the case of auto donations greater than $500, a donor is required to file a Form 8283, section A. This can be downloaded from the IRS website and should be signed by both the donor and the charity in question. Many charities will happily supply you with such a form – it is in your best interest to find out if this will be taken care of for you before you sit down to do your taxes at the end of the year.
Another important car donation charities FAQ is that if the donation is worth more than $5,000 (whether the vehicle is to used by the charity or sold), section B of Form 8283 must be filled out and attached to your deductions form. Additionally, you will also need to supply an independent appraisal with your return for such high-end donations. This can be arranged by the charity or yourself. The cost of such an appraisal may or may not be considered part of the donation – check with your CPA to make sure what the current regulations are given your exact circumstances.
When dealing with car donation and charities, FAQs pertaining to how you will go about itemizing your deductions govern how such a donation will actually benefit you and the charity in question. For instance, it is wise to consider the extra effort (or money in the case of paying a professional tax preparer) is involved in switching to itemized deductions. Some people are actually better served buy taking the standardized deduction. You should balance these potential expenses against the actual amount your tax burden will actually be decreased. In most tax brackets, this represents about a third of the value of your car donation. Charities and FAQs pertaining to car donation should clearly point out that deductions are from one’s net income rather than the amount of tax owed.
When considering the actual tax benefit of your car donation, charities FAQ usually do a good job of pointing out the limitations of the value you can claim as a deduction, as well as their own status as an IRS sanctioned non-profit organization. In the case of charities that have a limited or dubious mission, you could find your deduction challenged as going to a less-than-charitable organization. Do your own homework and verify the validity of any charity you choose to donate to.
And remember, all the car donation charities FAQs in the world won’t protect you if you take an active role in defrauding the federal government. Honesty is the best policy in all dealings with the IRS.
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Auto Diesel/09_car donation charities FAQ.txt
posted by Diesel Performance Truck on Jan 17
A big diesel truck somehow managed to get stuck in the parking lot at Powder Mountain, Utah in January. In his effort to get unstuck, the owner of the truck completely fogged the people next to him with diesel exhaust. Don’t you just love diesel trucks?
posted by Diesel Performance Truck on Jan 15
Is sulpher going to be completely eliminated from diesel fuels?
Is the sensor ‘Sedimenter’ located at the dashboard in some diesel trucks and vans really important?
posted by Diesel Performance Truck on Jan 15
There are other brands of diesel trucks and vans who have it while others don’t. If some brands of trucks and vans don’t have it, then it goes without saying that it’s not important. However, if it’s really important how are these vehicles which don’t have it are able to do away with it without doing harm to its engines.
posted by Diesel Performance Truck on Jan 14
THIS TRUCK IS LESS THAN A YEAR OLD AND ONLY HAS 26000 MILES ON IT. THE OWNER DOESNT UNDERSTAND WHY HE HAS NO WARRANTY.
posted by Diesel Performance Truck on Jan 14
? How Car Donation and Charity Giving Can Reduce your Tax Burden
Most people assume that car donation and charity giving are tools the rich alone are able to use to ease their tax burden. This couldn’t be further from the truth! Anyone can file a tax return with itemized deductions if they bother taking the time and effort to do so. Though you are responsible for gathering receipts that back up your deduction claims, car donation for charity is now set up in such a way to make claiming the correct amount in deduction easier than ever.
In the case of car donation, charity organizations have been reliant upon donated items for a long time, though hardly as a large part of their overall donation dollars. In fact, a report issued by the General Accounting Office (GAO) in 2003, when levels of charitable giving was at its highest in terms of car donation, charity coffers were still little affected by the input of donated vehicles. As little as six percent of the “typical” charity was represented by car donation.
The self-employed are in an especially good position to take itemized deductions of monies turned back into the business as well as legitimate car donations. A charity that is sanctioned by the IRS and has a legitimate non-profit tax ID number should be more than able to provide you with the forms you need to make your deduction with the same confidence as any other type of deduction you save a receipt for.
Of course, individual returns are far more likely to claim the standardized deduction, making car donation to charity impossible to claim. However, filing itemized deductions can actually benefit most taxpayers providing they take the extra time to write them all down. Indeed, it is common for someone who had previously taken a standardized deduction to find their tax burden to be somewhat to significantly decreased as a result of this extra effort – as much as 30 or 40% in some cases.
With the extra money available for donation that can come from car donation, charity giving can be very useful for bringing one’s income down below the level where they might put you into a higher tax bracket. Near the end of the year there is often an increase in auto donation by those who are nearing a higher bracket they wish to avoid. This can save you quite a bit when done correctly.
Generally it is a good idea to not count on your car netting the sort of value at sale that you might imagine it would, given the Kelly Blue Book value listed. According to current IRS guidelines, car donation to charity that nets over $250 must be accompanied by a receipt that clearly outlines how much value the car actually was able to get (usually when sold on the wholesale or scrap markets) for the charitable organization in question.
Another potentially lucrative use of car donation to charity is using the donation amount as a deduction compared with the expense of fixing up the car yourself for sale later. Though this can actually save some people more money, one is liable for the capital gains of a vehicle that has appreciated since you took ownership at least one year previously. In the case of collectible cars that have already been fixed up, this can represent a real hit. Knowing what cars to donate and which ones to keep a hold of for investment purposes is highly volatile and subject to the other income specifics of such a donor.
It is always a good idea to talk to a CPA, especially if you already have the services of one retained for your regular tax preparation advice. If you own a business, this is especially true. Even the same car donation to charity can vary greatly in its value to an individual’s return.
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Auto Diesel/10_car donation charity.txt
posted by Diesel Performance Truck on Jan 11
WorldCarFans.com – animated demonstration of the Subaru Boxer Turbo Diesel engine.
posted by Diesel Performance Truck on Jan 11
let the game begin. a little fire too for ratings.
posted by Diesel Performance Truck on Jan 11
Why are you not allowed to use starting fluid on diesel trucks?
posted by Diesel Performance Truck on Jan 11
? Some Special Situations Where Taking Car Donation Deductions Can Actually Increase Your Tax Bill
Not all car donation deductions are created equal – there are even cases where donating an auto in good faith can actually increase your tax owed under certain circumstances. Like anything else involving the IRS, the burden of proof is upon you, so the more information and documentation you have to back up your car donation deduction, the better.
Thankfully, just as rules have tightened up for donors, the onus of documenting the ultimate use or destination of a donated car rests with the charity receiving your car donation. Deductions are now tied to the ultimate use of the vehicle. So, if the charity you choose or, the third-party (often for-profit organization) that acts as an intermediary between yourself and said charity, sells your car at a loss, you’d have a hard time claiming fair market value for such a donation. The charity is required to give you a receipt stating the use of the vehicle within 30 days of donation, whether it’s actually met its final fate yet or not. If it is used and later sold, you’ll receive a new receipt outlining this use, too.
On the other hand, if the charity you choose has a mission that includes using the donated vehicle to further their mission or they sell it at a loss to a needy family, you may still claim the “fair market value.” This may, however, get your return some unwanted attention that you may not welcome for other reasons. If this doesn’t sound like a good idea to you, it may be wise to consider something other than car donation for deduction purposes.
Indeed, it pays to be careful of who is receiving your donated auto. This is especially true in the case of car donations and deductions taken from charities that are not recognized as non-profit organizations by the IRS. This is easily checked, and doing so can save you a great deal of heartache later. Charities are required to provide you with information regarding their non-profit status with the IRS and tax ID numbers you can check yourself with the IRS website.
Perhaps the most common happenstance where it doesn’t pay to donate a car is when the rest of your allowable deductions for a given year, when added to the car donation deduction, add up to less than the standard deduction allowed you. Of course, this differs depending upon how you file.
For instance, if you file as a head of household you’ll have to come up with nearly $2,500 more than if you’d filed as single or married filing separately to reach that standard deduction amount. This can be difficult for those who are simply working for a living as opposed to those who are self-employed.
It is also useful to note that the higher your tax bracket, the less a deduction will actually take off your total tax burden. This is because deductions are taken from your net income, not the total tax as many suppose. As such, legitimate car donation deductions are typically worth about a third after figuring out taxes, less if you’re in a higher tax bracket.
That said, in the case of a high value car donation, deductions can make the difference between paying in a higher or lower tax bracket. This can have important implications on your total tax burden that far outstrip the actual value of the car donation. Deductions may, on the other hand, have little or no effect on your final income bracket.
It’s always best to check and see how close you are to the edge of a more favorable income bracket near the end of a given year. Since you’re allowed to make donations up until the 31st of December, as long as you get a certificate of receipt, it doesn’t even matter if the car is hauled away until the next year, as long as you have a piece of paper stating that the initial transaction occurred before the 31st.
However, the regulations that govern how car donation deductions can be valued have seriously impacted the once booming market of car donation. Deductions have fallen sharply as well, and it is estimated that the IRS is now saving more than half a billion dollars per year in reclaimed revenues. Aren’t you glad you could help? You should be if your car donation deduction is actually a liability under the new rules.
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Auto Diesel/11_car donation deduction.txt
