Donee Acknowledgments of Motor Vehicle, Boat and Airplane Contributions The
IRS has issued Form 1098-C for purposes of reporting donations of a
Motor Vehicle, Boat or Airplane valued at more than $ 500. While an
organization need not use the form, in the event of such a donation,
the organization is obligated to issue a contemporaneous written acknowledgment
to the donor, which must contain the information that would be provided,
had the Form 1098-C been prepared. Should the organization choose to
utilize Form 1098-C to fulfill its filing obligations, the donor is
to be provided copies B and C of the form. Copy A is to be filed with
the IRS no later than February 28, 2006 (March 31, 2006, if filed electronically.
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