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? Changing Tax Laws Combat Fraudulent Automobile Donation Deductions When giving its report on the rise of automobile donation to the Senate Committee on Finance in 2003, the US General Accounting Office (GAO) found quite a bit of discrepancy between the amount of monies claimed as deductions on individual and business returns and the monies [...]

? Dramatic Decreases in Automobile Donations in 2005 Hurt Legitimate 501 (c)(3) Non-profit Organizations Though never a large part of the budgets of most IRS sanctioned non-profit organizations (NPOs), recent rulings by Revenue Service (and instigated upon the recommendations of the General Accounting Office and the Senate Finance Committee) have cut automobile donations down quite [...]

? Special IRS Regulations Regarding Charitable Boat Donation With the sweeping legislation that caused a steep decline in the amount of money represented by auto donation, boat donation has also suffered a similar loss due to the plugging of a loop hole that was benefiting everyone except the federal government and the charities themselves. However, [...]

? Determining the Value of Your Charitable Car Donation and Avoiding Audit It could be said that the new regulations regarding car donation, going into effect during the 2005 tax season, actually make it easier to avoid audit, since there is far less wiggle room to maneuver within. However, to actually take a legal deduction [...]

? 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 [...]

? 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 [...]

? 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 [...]

? Utilizing a Car Donation Program to Take the Hassle Out of Charitable Giving Not everyone has the time to deal with all the intricacies of preparing their car for sale, much less fixing up an old clunker to maximize their sale value. This has historically been the job of a car donation program that [...]

? Protecting Yourself From the Alarming Rise in Fraudulent Car Donation Programs According to the General Accounting Office’s (GAO) 2003 report to the Senate Committee on Finance, the incidence of mis-reporting from car donation programs was out of control. In 2005, some changes were made to the rules that govern car donations and the subsequent [...]

? The Importance of Car Donation to Charity and Non-profit Organizations While a bevy of advertisements encouraging car donation to charity would lead one to believe that such donations are a major force behind fundraising for legitimate charities and non-profit organizations (NPOs), most charities are far more reliant upon more traditional methods of giving. Non-cash [...]

? Making Car Donations to High Schools Perhaps the most personally rewarding sort of car donations involves giving your old ride to the local high school for use in their shop class. High schools are considered valid charitable organizations according to the IRS, as are colleges and adult training programs that fulfill a charitable mission. [...]

? How Charitable Donations of Automobiles Can Benefit Needy Individuals in Your Community There are many reasons why needy families in your community can benefit from charitable donations of your old automobile. Much of this is rooted in the free market economy that dominates in the United States, sometimes despite the best interests of low-income [...]

? How the Ultimate Use of a Charitable Organization’s Car Donation Program Affects Your Tax Deduction Prior to 2005, the ultimate use of a charitable organization’s car donation program had very little to do with how much you could expect to receive as a tax deduction. In fact, many for-profit organizations used the lure of [...]

? Some of the Many Organizations that May Benefit From Charitable Vehicle Donation When the US General Accounting Office (GAO) issued its landmark report on charitable vehicle donation to the Senate Committee on Finance in November of 2003, over 4,000 distinct charity and non-profit organizations (NPOs) were accepting vehicular donations. Though most of these used [...]

? The Most Recent GAO Investigations Into Fraudulent Durable Goods and Vehicle Donations to Charity There are many events that encourage the IRS to act and chief among them is people taking advantage of charity deductions. In the case of durable goods or non-cash donations to charity, reports issued in late 2003 found that over [...]