The Forms Required For Tax Returns
September 3rd, 2010
When you donate a car you are required to fill out Section A of the IRS Form 8283 if the car’s worth is going to be over $500. This is the same form that needs to be attached to the tax return filed by the person donating a car. You will also need a written acknowledgment coming from the charitable organization that they have received your donation. If your vehicle’s worth is over $5,000, as a donor you will need to fill out Section B of IRS Form 8283 and also attach this form to your tax return. Also you will need to perform an independent appraisal in order to figure out the value of the vehicle.
Entry Filed under: Automotive