October 29, 2009
IRS Urged to Step Up Oversight of Car Donations
The Internal Revenue Service is not doing enough to make sure that donors of motor vehicles — and the charities that receive the gifts — are following the law so that donors do not take undeserved tax deductions, according to a report from the Treasury Inspector General for Tax Administration.
In 2007, an estimated 92,037 taxpayers who made motor-vehicle donations (which can include cars, boats, and airplanes) that totaled $204-million did not have the proper
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