How to donate your car !!!

How to donate your car!!!!

If you have a car for a while you will know how fast the car terdepresiasi. Indeed, to witness the Blue Book may feel like a slap in the face. Your car can be thousands of dollars a few years ago and now this may vote at the price of a lemon.

Why give something else that might cause problems? Is it worth selling cars for a small portion of what you buy?

Perhaps you may not be aware of other options. One of the options that will help others less fortunate than you and you pay part of the money if you can wait. In other words, you can donate your car.

It donated cars and large vehicles is that they can be deducted from taxes.

But how to donate a car to work right? How do you do and where?

Here are some answers.

How donated a car to work?

First take into account that most types of vehicles that can be attributed. These include several types of vehicles: cars, truck, trailer, boat and recreational vehicles.

Although lemons can be accepted, some centers may not accept contributions that are in a car that was not as bad Towing. Most central contribution will actually get to your car in large part from 50 countries. They are usually taken by tourism professionals licensed, insured and bound, however, should always ask about this before the scheduled pick.

Some large charities registered with the centers of car donations charities registered with the IRS non-profit. However, the best is to negotiate with the tax professional to make sure before giving as a car.

Charitable organizations are the most commonly mentioned are American Red Cross, American Diabetes Association, American Breast Cancer Foundation and Boy Scouts of America. If you are interested in a special gift, visit the website and see if they offer the chance to donate your car. Ensure that the organization registered as a 501 (c) (3) charities.

How do you contribute your car?

Once you find a charity that receives contributions from the car and you should contribute, you will need to determine the value of your car. This can be done easily using Kelly Blue Book. IRS also has published several publications such as the IRS Publications 526 ( "Reduction of Charity") and 561 ( "Determining the value of the hotel contributed.

According to Publication 526 IRA include:

''Some business and professional organizations publish used car pricing guides, commonly called "blue book", which contains all distributor prices, prices or sales agents flat-rated to the latest models. May guide published monthly or seasonally, and for different regions. This guide also provides an estimate to be adapted to the unusual equipment, unusual period range, and fitness. Prices are not "official" and that publication will not be considered as evaluation contributed certain hotels. But they do provide for the use of shares and prices for comparison with current sales and offers in your area.

This publication is sometimes available in public libraries, or loan officer at a bank, credit union or finance company. You can also find information about used car prices on the Internet. To find the proper market value of contributions from a car, using the prices listed in this guide to hand in a sale between individuals, and non-value retailers. However, the market value should be less than this amount if the car has engine problems, injuries, range of high period, or impose other types of excess. Reasonable market value of certain vehicles with the price stipulated in the guidelines to hand in a sale between individuals if the user list price sales made the same car, model and year, sold in the same area in the same country, with a choice of identical or similar equipment or , and by ensuring that the car is identical or similar contributions.''

Publications also mention the following examples:

''You contribute a used car in poor condition at a local high school for use by students Automotive repair. User car dealer to show the value of a car in poor condition is $ 1600. However, the user list price for sales between individuals from the car only $ 750. Reasonable market value of the car could be seen as $ 750.''

After you determine the value of your car as directed by 9QU IRS is always best to consult a professional tax) that you can give to charities, and a call to schedule an invite. It is important that when a vehicle diderek, you get a receipt. The receipt must have the following information: your name, year, and model of your car is made and the date at this time. Make sure that the reception is also the name of charity and tax identification number. Keep your hands to your tax return.

Of course, after contributions from the car, you must notify DMV and your insurance company. Check carefully to what the protocol is to remove the title and plates.

What better then, sell or contribute?

Of course, the prize is the best way to go to a lot of time with those who need and because it is simply merepotkan free transaction, without the need to place an ad, find buyers or sell at auction. Many companies pull within 48 hours. Of course, there are those who need extra money and find that sales is the way to go. However, for those who can survive without additional money will be, because they are waiting for tax time and wanted to do something good for society, this may be the way forward ..