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#7
11-29-2004, 04:50 PM
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 Re: Attach car deduction acknowledgement to return? MTW <mtwingcpa[at]yahoo.com> wrote: - quote - > A.G. Kalman wrote:
For 2004, the 8283 adds a statement that for a donated> > I have not read anywhere that the "contemporaneous written > > acknowledgement" must be attached to the return. What is > > your source for this requirement? > From what I've read so far, you must OBTAIN the written > acknowledgement within an appropriate time frame, and you > must include a sufficient WRITTEN DESCRIPTION of the item on > your return. However, I have not (yet) seen an explicit > requirement to ATTACH the charity's acknowledgement > (although that might be the easiest way to go if the > acknowledgment is readily available at the time you prepare > the return). > What I take from this is that cryptic descriptions, such as > "1989 Ford" or "3 bags of clothing" probably won't be > sufficient anymore. vehicle, you include a description of the car, model and mileage. I expect more for the 2005 year. However, why not take a look at the form 8282 which the charity has to fill out and send to the IRS and, next year, send to the giver too. __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
11-26-2004, 02:11 PM
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| Re: Attach car deduction acknowledgement to return? A.G. Kalman wrote: - quote - > I have not read anywhere that the "contemporaneous written
From what I've read so far, you must OBTAIN the written> acknowledgement" must be attached to the return. What is > your source for this requirement? acknowledgement within an appropriate time frame, and you must include a sufficient WRITTEN DESCRIPTION of the item on your return. However, I have not (yet) seen an explicit requirement to ATTACH the charity's acknowledgement (although that might be the easiest way to go if the acknowledgment is readily available at the time you prepare the return). What I take from this is that cryptic descriptions, such as "1989 Ford" or "3 bags of clothing" probably won't be sufficient anymore. MTW << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
11-24-2004, 10:20 AM
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| Re: Attach car deduction acknowledgement to return? - quote - > > Here's another question about tax law changes:
It's in the law passed last month. I'm guessing that we may> > Starting in 2005, acknowledgement of the charitable > > contribution of a car, boat, etc. with a value that exceeds > > $500 must be attached to the tax return in order for the > > contribution to be allowed. What about e-filed returns? > > ...Helen?? > I have not read anywhere that the "contemporaneous written > acknowledgement" must be attached to the return. What is > your source for this requirement? be sending in a lot more 8453's on e-filed returns. What's worse, is that the charity isn't required to send you the acknowledgement until 30 days after they sell the vehicle, so, if they don't sell it until May, you'd have to claim the deduction either on an extended or amended return. The new law is so onerous to charities that I think this gravy train will be left at the station after the end of December. -- Thomas E Healy, CPA, PC 1650 38th St., Ste 202W Boulder, CO 80301 Please send email to: tom[at]tomhealycpa.com, since I block all email at my newsgroup address. phone (303) 443-1804 fax (720) 489-3772 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
11-23-2004, 04:17 PM
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| Re: Attach car deduction acknowledgement to return? As with other required documents. Use form 8453 and attach the document. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
11-22-2004, 01:39 AM
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| Re: Attach car deduction acknowledgement to return? JanZtax at janztax[at]aol.com wrote on 11/17/04 9:16 PM: - quote - > Here's another question about tax law changes:
You all know how much the IRS loves to receive 8453s.> Starting in 2005, acknowledgement of the charitable > contribution of a car, boat, etc. with a value that exceeds > $500 must be attached to the tax return in order for the > contribution to be allowed. What about e-filed returns? > ...Helen?? All freely provided advice guarantee correct or double your money back Frank S. Duke, Jr. CPA Cincinnati, OH USA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
11-22-2004, 01:20 AM
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| Re: Attach car deduction acknowledgement to return? "JanZtax" <janztax[at]aol.com> wrote - quote - > Here's another question about tax law changes:
Probably going to have to mail it in......which is the> Starting in 2005, acknowledgement of the charitable > contribution of a car, boat, etc. with a value that exceeds > $500 must be attached to the tax return in order for the > contribution to be allowed. What about e-filed returns? > ...Helen?? beginning of the defeat of the whole purpose of e-file now, doesn't it. -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
11-22-2004, 01:01 AM
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| Re: Attach car deduction acknowledgement to return? anZtax wrote: - quote - > Here's another question about tax law changes:
I have not read anywhere that the "contemporaneous written> Starting in 2005, acknowledgement of the charitable > contribution of a car, boat, etc. with a value that exceeds > $500 must be attached to the tax return in order for the > contribution to be allowed. What about e-filed returns? > ...Helen?? acknowledgement" must be attached to the return. What is your source for this requirement? -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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11-22-2004, 12:42 AM
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| Re: Attach car deduction acknowledgement to return? JanZtax wrote: - quote - > Here's another question about tax law changes:
No need to worry about this till 2006 filing season.> Starting in 2005, acknowledgement of the charitable > contribution of a car, boat, etc. with a value that exceeds > $500 must be attached to the tax return in order for the > contribution to be allowed. What about e-filed returns? > ...Helen?? Just like any other appraisal required to be attached to the form ... form.... whatever for noncash contributions. Should go along with an 8453. ChEAr$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
11-18-2004, 01:16 AM
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| Attach car deduction acknowledgement to return? Here's another question about tax law changes: Starting in 2005, acknowledgement of the charitable contribution of a car, boat, etc. with a value that exceeds $500 must be attached to the tax return in order for the contribution to be allowed. What about e-filed returns? ....Helen?? Jan Zobel EA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| acknowledgement, attach, car, deduction, return |
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