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In the year 2000, the GAO estimated that 733,000 income tax returns claimed a deduction for a donation of a vehicle to charity. That is one in every 175 returns! These donations were valued at about $2.5 billion, reducing taxpayer liability by an estimated $654 million...
The Service has announced three appointments of key leaders in the Tax Exempt and Government Entities Division (TE/GE): Sarah Hall Ingram will be the new deputy commissioner of TE/GE. She will report to Steven T. Miller, who recently was named TE/GE commissioner....
30 Jun 2004 | Information Release | National Publication | News story | 4 comments
The IRS has released two new publications to help donors and charities avoid the pitfalls and properly comply with the rules regarding vehicle donations. Publication 4302, "A Charity's Guide to Car Donations," and Publication 4303, "A Donor's Guide to Car Donations"...
As a follow-up to yesterday's story, the IRS has issued its own announcement regarding the release of a revised application form for charitable organizations seeking tax-exempt status. The new 27-page form will streamline the application process for the organizations...
The IRS has advised individuals of potential pitfalls to avoid when donating automobiles to charities, noting the rules will tighten next year and those seeking to donate a car this year shouldn't try to claim inflated values under the current rules.

The Service has alerted itemized filers that they may claim deductions on 2004 tax returns for January 2005 charitable donations made for the relief of the Indian Ocean tsunami victims.

The Service has announced the release of regulations requiring large corporations and tax-exempt organizations to electronically file tax and information returns beginning in 2006.
2 Mar 2005 | Information Release | National Publication | News story | 2 comments
The IRS has updated its "dirty dozen" scams for 2005 by adding to the list schemes that manipulate the rules for charitable groups or abuse credit counseling services, and warns individuals not to be fooled by outrageous promises to eliminate tax liabilities.
The IRS has advised individuals making donations to help Hurricane Katrina victims to seek out qualified charities by checking an IRS-approved list or by searching for volunteer agencies with whom the Federal Emergency Management Agency is working.
The IRS has announced the creation of a toll-free telephone number for individuals who need help with tax matters following Hurricane Katrina; callers using the number, which is 1-866-562-5227, will learn about available tax relief, get free copies of their tax return...
7 Sep 2005 | Information Release | National Publication | News story | 1 comments
The IRS has launched an expedited review and approval process for new organizations seeking tax-exempt status so that they can provide relief for victims of Hurricane Katrina. The organizations may apply for tax-exempt status by filing IRS Form 1023 and writing at the...
The IRS has announced its partnership with a broad coalition of business and charitable associations that seek to spread the word about the leave-donation program benefiting the victims of Hurricane Katrina, which was described in recent guidance.
The IRS has announced the optional standard mileage rates used in computing the deductible costs paid or incurred on or after January 1, 2006, for operating an automobile for business, charitable, medical, or moving purposes; also included are rates for computing...
The IRS has warned that it will not recognize deductions that taxpayers may claim for donated vehicles sold at auction on grounds that auctioned vehicles are not sold at below-market value. The warning comes after the IRS discovered questionable practices in which some...
The IRS has reminded taxpayers that they must obtain a charity's written acknowledgment of their vehicle donation before they claim a deduction for the donation; for deductions greater than $500, taxpayers must attach the acknowledgment to their return for the year of...
The IRS has announced its "dirty dozen" scams for 2006, noting the addition of two new schemes, "zero wages" and "Form 843 tax abatement," in which filers use IRS forms to claim that their tax bills have been wrongly inflated; the agency also warned individuals not to...
The Department of the Treasury and the Internal Revenue Service today issued proposed regulations that would address the tax treatment of an exchange of property for an annuity contract. The proposed regulations would apply the same rule to exchanges for both private...
15 Dec 2006 | Information Release | National Publication | News story | 1 comments
In a December 14, 2006 information releasion, the IRS states that individuals and businesses making contributions to charity should keep in mind several important tax law changes made last summer by the Pension Protection Act.
The IRS has released its annual "Dirty Dozen" tax scams for 2007. Under the heading of abuses of charitable organizations and deductions, included are abuses of donor advised funds, overvaluation of donations of noncash assets, and the return of private tuition...
The annual May 15 filing deadline is here for many nonprofits, and the IRS urges any of these organizations that paid the three percent telephone tax to be sure to request this special refund. The telephone tax refund is also available to churches and small tax-exempt...
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