Recent reports indicate that the IRS isn't doing enough to ensure that donors are properly documenting their deductions for car donations or to make sure that the charities are following the new laws. While that may be true, we still urge donors to be careful when claiming these deductions. For more information, check out our Guide To Donating Your Car.
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Monday, November 16, 2009
Car Donations & Your Taxes
Recent reports indicate that the IRS isn't doing enough to ensure that donors are properly documenting their deductions for car donations or to make sure that the charities are following the new laws. While that may be true, we still urge donors to be careful when claiming these deductions. For more information, check out our Guide To Donating Your Car.
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2 comments:
The United States Internal Revenue Service (IRS) has extensive information online about Cars For Sale donations.
car donation could lead to tax savings - if you go about it in a careful way or it could turn out to be a total loss with the wrong people using your car and you not being eligible for tax deductions either.
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