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Showing posts with label NPAutomobiledonations. Show all posts
Showing posts with label NPAutomobiledonations. Show all posts
Monday, January 05, 2015
Wednesday, October 19, 2011
Car Donations In IRS Spotlight--Again - TheNonProfitTimes
Car Donations In IRS Spotlight--Again - TheNonProfitTimes: he Internal Revenue Service (IRS) is calling for public comment on a scheduled reevaluation on the codes that stipulate rules for charitable contributions of certain motor vehicles, boats and airplanes.
Every three years the IRS takes into account new perspectives and ideas on how tax codes can be changed to make processes run smoother and more effective. The last time this code changed was 2005.
Every three years the IRS takes into account new perspectives and ideas on how tax codes can be changed to make processes run smoother and more effective. The last time this code changed was 2005.
Monday, October 03, 2011
Giving a car to charity comes with strings attached | The Coloradoan | coloradoan.com
Giving a car to charity comes with strings attached | The Coloradoan | coloradoan.com: Answer: Rather than go through the hassle of selling an old car, you may get a tax deduction for donating the vehicle to a charity. An increasing number of charities have turned to car-donation programs. You may have seen ads from some of these organizations in your local newspaper urging individuals to donate their old cars. The donation approach saves you the trouble of trying to sell the car.
Thursday, October 15, 2009
IRS Should Improve Oversight of Motor Vehicle Donations, Report Says - Philanthropy.com
IRS Should Improve Oversight of Motor Vehicle Donations, Report Says - Philanthropy.com: "RS Should Improve Oversight of Motor Vehicle Donations, Report Says
By Grant Williams
Washington
The Internal Revenue Service is not doing enough to make sure that donors of motor vehicles — and the charities that receive the gifts — are following the law so that donors do not take unsubstantiated tax deductions, according to a report from the Treasury Inspector General for Tax Administration."
By Grant Williams
Washington
The Internal Revenue Service is not doing enough to make sure that donors of motor vehicles — and the charities that receive the gifts — are following the law so that donors do not take unsubstantiated tax deductions, according to a report from the Treasury Inspector General for Tax Administration."
Monday, August 03, 2009
stjoenews.net | Charities fret over ‘clunkers’ program
stjoenews.net | Charities fret over ‘clunkers’ program: "But some charitable organizations are concerned about trends in the auto industry, including Cash for Clunkers.
Kathie Conwell, manager of marketing and
communications at Catholic Charities, Diocese of Kansas City-St. Joseph, said the organization had seen a decrease in car donations."
Kathie Conwell, manager of marketing and
communications at Catholic Charities, Diocese of Kansas City-St. Joseph, said the organization had seen a decrease in car donations."
Wednesday, July 15, 2009
Charities Lament 'Cash For Clunkers' Program : NPR
From NPR
Charities Lament 'Cash For Clunkers' Program : NPR: "When Congress passed a new law to give people up to $4,500 to junk their old cars and buy new, more efficient ones, the auto industry cheered. But some charities say they'll be the unintended victims of this program, and so will the low-income people they try to help."
Charities Lament 'Cash For Clunkers' Program : NPR: "When Congress passed a new law to give people up to $4,500 to junk their old cars and buy new, more efficient ones, the auto industry cheered. But some charities say they'll be the unintended victims of this program, and so will the low-income people they try to help."
Thursday, May 28, 2009
Sour economy good for Vehicles for Change - wtop.com
Sour economy good for Vehicles for Change - wtop.com: "WASHINGTON - A non-profit is using the sour economy to help provide tax breaks while giving people a chance to drive themselves to work.
Vehicles for Change is a group that takes used cars, refurbishes them and sells them cheaply to the working poor. Chief Executive Officer Marty Schwartz says he is selling 40 to 50 cars a month and donations are up 25 percent because of a change in the tax law."
Vehicles for Change is a group that takes used cars, refurbishes them and sells them cheaply to the working poor. Chief Executive Officer Marty Schwartz says he is selling 40 to 50 cars a month and donations are up 25 percent because of a change in the tax law."
Monday, July 14, 2008
New Tax Laws Dry up Car Donations - MarketWatch
New Tax Laws Dry up Car Donations - MarketWatch: "CHICAGO, Jul 14, 2008 (BUSINESS WIRE) -- Car donations have plummeted since Congress in 2004 tightened the tax rules for claiming charitable deductions, according to a Grant Thornton analysis of new IRS data."
Wednesday, August 01, 2007
The NonProfit Times - The Leading Business Publication For Nonprofit Management
The NonProfit Times - The Leading Business Publication For Nonprofit Management: "Car Donations Sputtering
Tax code change, economy are wreckers
By Tom Pope and Mark Hrywna
The American auto industry is in a historic decline, with the Big Three losing market share regularly as Toyota passes them by like they were standing still. So much for Commander Cody's Hot Rod Lincoln.
Nonprofits have been at a loss, as well, when it comes to car donations, with some organizations attributing it to a regulation that took effect two years ago, but also citing sluggish sales in the auto industry and less attractive financing deals, among other reasons."
Tax code change, economy are wreckers
By Tom Pope and Mark Hrywna
The American auto industry is in a historic decline, with the Big Three losing market share regularly as Toyota passes them by like they were standing still. So much for Commander Cody's Hot Rod Lincoln.
Nonprofits have been at a loss, as well, when it comes to car donations, with some organizations attributing it to a regulation that took effect two years ago, but also citing sluggish sales in the auto industry and less attractive financing deals, among other reasons."
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