July 10, 2009, Newsletter Issue #157: Research Tax Laws When Donating an RV

Tip of the Week

Planning to donate an RV to charity? Do some research first on new laws and requirements, because you will need to itemize the contribution when you file your taxes.
The IRS offers free information that explains tax laws enacted in 2005 for noncash contributions.
The publications include:
Publication 526, "Charitable Contributions";
Publication 561, "Determining the Value of Donated Property";
Publication 1771, "Charitable Contributions -- Substantiation and Disclosure Requirements";
Publication 4302, "A Charity's Guide to Vehicle Donations."

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.

Not finding the advice and tips you need on this Car Donation Tip Site? Request a Tip Now!


Guru Spotlight
Joe Wallace