Exclusive Car Donation Sponsor

Get Fresh Tips Every Week!
Don't Miss Any Car Donation Tips. Subscribe to the Car Donation Tip Newsletter.

View Archive

Bookmark      RSS
 

Business Solutions
Our tips are powerful.
Our writers are experts.
Our results are guaranteed.

 

Listen to our Radio Show
Hot topics for both consumers
and webmarketers
on WebmasterRadio.FM

Every Wednesday, 5PM Eastern.

 

September 7, 2007, Newsletter Issue #72: IRS Helps Car Donors Understand Laws


1

Tip of the Week

When donating cars to charities for tax deductions, it is a wise idea to consult an accountant or contact the IRS.
New laws that took effect in 2005 require detailed documentation to verify the value of the donated vehicle, the transfer of the vehicle to the charity, and how the charity uses the automobile donation.
The IRS publishes references to help donors understand the new laws. They include:
-- Publication 526, "Charitable Contributions";
-- Publication 561, "Determining the Value of Donated Property."
Contact your local IRS office to get free copies, or consult with an accountant.



2

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.



Learn more about our Content Development Solutions we offer our clients.