Thursday, December 22, 2005

IRS Reminds Taxpayers About Requirement of Written Acknowledgment for Donated Cars

IRS Reminds Taxpayers About Requirement of Written Acknowledgment for Donated Cars: "Internal Revenue Service officials today reminded taxpayers that they must obtain a charity's written acknowledgment of their vehicle donation before they claim a deduction for the donation. For deductions of more than $500, the taxpayer is required to attach the acknowledgment to the taxpayer?s return for the year of the donation"

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