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June 24, 2005

Charitable Contributions of Certain Motor Vehicles, Boats and Airplanes

A donor must obtain a contemporaneous written acknowledgement from the donee organization, and include the acknowledgement with the tax return on which the deduction is claimed. All acknowledgements must include the name of the taxpayer identification number of the donor, the vehicle identification number, and the date of the contribution.

For a contribution of a qualified vehicle that is sold by the donee organization without any significanct intervening use or material improvement by the donee organization. A statement of the gross proceeds from the sale, and a statement that the deductible amount may not exceed the amount of the gross proceeds.

For more information see the IRS website Notice 2005-44 at http://www.irs.gov/irb/2005-25_IRB/ar09.html or contact the CJ Malley Accountancy Corporation at (714) 635-8242

2005 C J M cjmalleyaccountancycorp