Form 1098-C for Allentown Pennsylvania 2025

Form 1098-C for Allentown Pennsylvania: What You Should Know

If you received a Form 1098-C due to a donation, you must complete the form and return. If you do not have a 1098-C showing the value of the donation of a motor vehicle (boat, aircraft or other vehicle) you cannot donate a motor vehicle to another qualified organization. If the organization receives the motor vehicle from you when it is used for a noncharitable purpose, such as transporting members, employees and volunteers, that is all that needs to be provided to the organization and a “do not report” should be indicated on that portion of the form. Note that in such instances the organization must report the value of the motor vehicle on its 1099-MISC return and on its Form 1099-NEC statement. In addition to the personal information requested above, you need to provide a copy of the letter(s) you sent to the foundation for verification purposes. If, for whatever reason, you were unable to provide all this information, an additional 2,000.00 will be refunded to you if no other contribution has been received by and payment of this amount has not been made to you (even though you provided tax documentation of the amount of the donation). (However, if you provide the charity with an invoice as payment, the donation amount and the invoice should be included in the return). If, for some reason, the charity was unable to use the motor vehicle by the beginning of 2025 (for example, they sold the motor vehicle early in 2025 as a result of tax law changes in 2013), you will receive a Notice of Tax Refund indicating the amount of the refund due. Don't forget that if you are not allowed to donate, the same tax should be computed on the value of the vehicle that will be donated. All other donations are considered as a contribution and are not subject to tax If you are unable to provide the required documentation as explained above, a Form 1098-C can be completed to show the value of the donation and tax required for that vehicle. (You may also be able to use the online Form 1098-C.

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