Car donation for tax write-off?

News, new products, concept cars, marques not listed, trucks, bikes, etc.
  ronaldo
 
Posts: 1
Joined: Sat Jul 12, 2008 2:33 pm

User avatar
  FastForwardWheels
Moderator
Moderator
 
Posts: 4624
Joined: Mon Nov 14, 2005 5:33 pm
Location: Alhambra, California

Re: Car donation for tax write-off?

Postby FastForwardWheels » Mon Jul 14, 2008 5:35 pm

ronaldo wrote:I'm an independent contractor in need of some tax write-offs. It was suggested to me by an accountant that I purchase a car for a few hundred dollars, and then sometime during the year, donate it to a specific charity (a local church) that offers a minimum $1,000 tax write-off for car donations.


Not really sure what you're asking here but sounds a little fishy to me... :?

First you want to puchase a vehicle for maybe $300 bucks or so....

Second you want to donate and lie to a church about it's value in order to get a $1,000 write off to help you during tax time?

Welcome to the forums, just not the way I would have opened my first thread anywhere.... :cyclops:

-Eli
Military Veteran 1993-2001 "Lead by Example"
Image Image

User avatar
  aren040
Reputation *****
Reputation *****
 
Posts: 3217
Joined: Fri Mar 02, 2007 11:34 am
Location: Southern California


Return to General Automotive Forum

Who is online

Users browsing this forum: No registered users and 1 guest

cron