October 18, 2007
Donors Continue to Inflate Value of Vehicle Donations
The Treasury Department worries that too many taxpayers are continuing to overvalue the worth of cars or other vehicles they donate to charity.
An audit released last month by the Treasury Inspector General for Tax Administration concluded that a law passed in 2004 that sought to stop donors from inflating the value of such gifts on their tax returns has not done enough to prevent losses for the U.S. government.
"Taxpayers who may not be entitled to deductions for charitable
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
