What To Look When You Want To Donate A Car?
To donate a car is probably the easiest way for you to get rid of your car for various reasons. People who do not have time to sell their car and those
who could not get their car's worth also prefer automobile donation.
You surely deserve to be congratulated, if you have the noble intention of donating your car to a charity. But the process to donate a car to a charity is
not as easy as you might think. It can be a tedious process.
There are many things you need to consider before you can actually do anything to donate a car. Here are some essential things you need to do, if
you have decided to donate:
Find a Charity That Accepts Car Donations - It is important to choose a charity that accepts cars without charging a large removal fee.
Do a little research, and don't simply give your automobile away to any charity. Remember you are making a charitable donation, so find a
high-performing charity. Make sure it is a registered 501(c)(3) charities that does the kind of work you like, in the region you wish to target, and does
that work well.
Find Out the fair market value of your car - If your car is worth $5,000 or more have it appraised by a certified professional. You can also use IRS
publications. You can try either "Charitable Deductions" or "Determining the Value of Donated Property". The Kelley Blue Book also comes in handy.
Transfer the Car Correctly - Follow state regulations in getting a tax receipt with the charity's name and federal tax ID number. It must also include the
donor's name, date of donation, as well as the year, and make and model of the donated car. You also need to notify your insurance company that you
no longer own the car.
Complete The Paperwork - Keep all the completed transaction papers and have them ready for tax time. It is really important to keep these documents
for your own good. You need to remember that if you do not have the complete document for the automobile donation, you could be held responsible
for any parking tickets that ar