Do You know, How to Donate a Car in California?
Do you know how to donate car in california?
Donating activity, or a charity donation, it is a very noble and good for you and others. Including if you want to donate a car. If you are ready to make a donation in California, then you are on the right article.
In this post, you'll get tips on how to donate a car in California. Not everyone can donate a car, but the people are very noble who can do it. And you include one :).
Now many people are willing to donate the car to someone else. The car donation activity is something that can provide a large enough assistance to people in need. If you are ready to donate a car in California, please embers of the following tips, California Car Donation:
- The first step you should do is to apply for online car donation form, or by calling the charity that you want to donate your car. If you want to claim that you are a car donation as a tax deduction, be sure and check beforehand that charity is an IRS recognized non-profit organization.
- Should you know that the process to receive a tax receipt for a charitable donation may be a little different from other donations. Some charities will email you about the initial reception while others had a tow truck to provide you with a receipt at the time of pick up. This is just an initial receipt, and this allows you to claim a tax deduction of up to 500 dollars. Then you should check back with charities to find out what their procedure is to provide you with a receipt when you send a donation of your vehicle.
- In the state of California, the license plate is still with the vehicle, so that it does not have to be removed before pickup.
- The fourth step you should do is, you have to submit Liabilities Release with the California Department of Motor Vehicles is an important step, you do not want to miss when you donate a car. This document releases you from future liabilities that may arise for any reason after the donated vehicle. In California, the procedure to apply for Release of Liabilities is that you must return the pink part of the title or the DMV form REG 138 to your local Department of Motor Vehicles. Or the other way, you can submit your release of liability online at http://www.dmv.ca.gov.
- If your vehicle sells for more than $ 500, or if it qualifies for a tax deduction of fair market value, you will receive additional tax documents after vehicle sales takes place. With this amount, you will be allowed to cut your taxes and will vary depending on several factors which may include the price of the vehicle sold for or whether the vehicle is classified as the market value of the car donation fair.
- One last thing, we should mention it is if you plan to claim your car donation tax deduction on your 2012 taxes, you need to make sure that you donate a car well before the deadline of December 31, 2012. The Charity should have vehicle ownership before the middle night on December 31, or at least have a good pickup in progress, in order for you to claim your tax deduction in 2012. Do not wait until the last minute because there may be a delay that could result in you not be able to claim the donation as a deduction for the current tax year.
If you have any further questions, related to your car donation tax deduction, most charities are relatively have knowledge about the process and the necessary documents, however, you should consult with a CPA, or accountant for specifics regarding your specific tax situation.
For additional questions related to the car donation in California, you can contact your local DMV or visit the California DMV website for the latest information on country-specific requirements.
