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harpoon

Junior Member
What is the name of your state (only U.S. law)? Montana
I owe back taxesfor my personal return and also payroll taxes that were withheld from employees. If I donate my boat to a religous orginization or to the Red Cross can I use the book value of the boat as a deduction on my tax return to apply towards my tax debt?
 


ShyCat

Senior Member
A donation made in 2010 will not have any effect on back taxes or payroll taxes. Sell the boat and use the proceeds to pay down your tax debts.
 

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