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.

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."