 |
 |
|
TAX WATCH
IRS Finds Huge Drop in Car Donations
A new government report shows that a federal law designed to stop donors from inflating the value of gifts of used cars has had a big effect.
In 2005 — the year the law took effect — the number of automobile donations declined 67 percent from the previous year, from about 900,000 in 2004 to 297,000 in 2005.
The...