Monday, October 21, 2013

Frequently asked questions about filing your car donation

Q: Do I need to submit a Form 1098-c?A: You do not need to fill out a 1098-c form. Simply attach the Kars4kids tax deductible receipt that you received for your car donation to your tax return documents.
Q: My car is not running can I still get a tax deduction?
A: Yes. Every vehicle has some value and IRS regulations allow the donor to determine the fair market value up to $500.
Q: What date will be on my receipt?
A: The date for your tax deductible receipt will be the day you submitted your donation to Kars4Kids.
Q: My accountant had questions on which forms he will need to attach to my return 
A: Read our easy guide to car donations for accountants