Donate A Car To Charity
Car Donations are fast and easy with charity vehicle donation program. You can easily donate a car to charity. Donate cars, trucks, vans, boats, planes, even lots and real estate. You can choose a charity from more than 300 non-profit organizations.
On most websites simply complete online car donation form or call anytime seven days a week to start a no cost, no hassle car donation process. You will be contacted by there towing agent who will arrange a speedy pickup. The towing agent will provide a pickup receipt and the charity you select will send you a tax deduction letter.
A charity that uses a donated vehicle for transportation or hauling goods obviously benefits directly from such a donation. When you donate a car to charity in many cases the cars will be sold en masse, either by the charity itself or by a dealer to raise funds for the charity. In the case of a dealer, the charity generally receives a flat fee per car, sometimes as little as $45 per car.
Before you donate a car to charity, make sure.
* Make sure the charity is eligible to receive tax deductible contributions. Ask for a copy for your records of the organization’s IRS letter of determination which verifies its tax exempt status.
* Be sure that you get a receipt from the charity for your car donation.
* Be aware that non-cash donations are one of the most common triggers to an audit by the IRS, so you’ll want to document the value of the car and keep records of it.
* If the car is worth more than $500, the donor must complete Section A of IRS Form 8283 and attach it to their tax return. Donors are required to file with his/her tax return a written acknowledgement from the charity. If the charity sells the car, the charity must provide the donor with a certification that the car was sold at "arms length" between unrelated parties and the sale price of the car within 30 days. In this case, the donor's tax deductions will be limited to the total amount the charity sold the car for. If the charity does not sell the car, it must provide the donor with a receipt within 30 days of the sale. The charity may also be required to provide certification to the donor stating how it plans to use or improve the car and stating that it promises not to sell or transfer the car. Penalties are imposed on charities that provide fraudulent acknowledgements to donors.