IRS Announces Release of New Form for Vehicle Donations

IRS Announces Release of New Form for Vehicle Donations

News story posted in Publications on 7 September 2005| 1 comments
audience: National Publication | last updated: 18 May 2011
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Summary

The IRS has released new Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes. The form is used by donee organizations to report the contribution of qualified vehicles to the IRS under new IRC section 170(f)(12). The form may also be used to provide the donor with a contemporaneous written acknowledgment of the contribution.
Full Text:

The form may also be used to provide the donor with a contemporaneous written acknowledgment for the contribution.

Go to: http://www.irs.gov/pub/irs-pdf/f1098c.pdf

PGDC Editorial Board member Christopher Hoyt made the following observations:

"Notice how the charity should report the donor's social security number to the IRS. In this age of identity theft, I expect that many people will be reluctant to give this information to the charity. I wonder how many charities have procedures in place to protect this information as well as a regulated financial institution."

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Comments

Automobile donations and donor receipt

Absloutely concur with the danger of freely giving charities the donor's social security #. We have enought identity theft arising with well establishewd financial institutions. And now we give the donee our s/s #. Bad scene.

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