Home     Law Advice     Insurance Advice     Community    
Tax Law : Federal, State and Local Income Taxes, Sales Taxes, etc. For Estate, Gift and Inheritance Taxes, Please Post Under Will, Trusts & Estate Planning
Go Back   FreeAdvice Legal Forum > TAX LAW > Tax Law

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 12-10-2007, 09:23 AM
Member
 
Join Date: Jul 2005
Posts: 146
Lightbulb

Is the fire dept. a charitable org for donation write offs?


What is the name of your state? IN

I had some weights for sale, and got a call from the local fire department. The firefighter is planning to pay me out of his own pocket for the weights because the department won't buy them for them (apparently he's getting them for the station). So I'm thinking maybe I can just donate these things, and write them off. My asking price was probably considerably less than fair market value (I advertised them for cheap to move them fast), so I'm thinking the deduction will about equal what the guy plans to pay me out of pocket anyway.

So to get to the question, is it possible to write this off as a donation without too much trouble? Will I need to get some kind of receipt from the fire dept?What is the name of your state?
  #2  
Old 12-10-2007, 11:56 AM
Senior Member
 
Join Date: Feb 2007
Posts: 8,229
http://www.irs.gov/pub/irs-pdf/p526.pdf

See the section on "non-cash donations"

You must make sure the organization you are donating to is a qualified charity.
Yes you should get a receipt (a letter from them acknowledging your gift will suffice).
  #3  
Old 12-10-2007, 12:31 PM
Member
 
Join Date: Jul 2005
Posts: 146
That sounds encouraging.. I was beginning to wonder if the fact that the equipment is not necessary for them to do their jobs would make the donation ineligible. So it doesn't matter what I donate, so long as it goes to a eligible org, right?

I'll have to read that publication.. I just came in here to get a quick idea, since other buyers are calling for the equipment.

Thanks!
  #4  
Old 12-10-2007, 01:10 PM
Member
 
Join Date: Jul 2005
Posts: 146
My local fire dept is not listed as an eligible organization according to the IRS search tool: [url]http://apps.irs.gov/portal/site/pub78/template.MAXIMIZE/menuitem.72f1796ad102792acd9e6be24937a759/?PORTALSESSIONID=Hd1z2SgBijweFmO07SgTnCex2F12bSLVVVq6PgBazOcpGfFG0Gbx!721784468!432907174&javax.port let.tpst=289c57ca6035546c47564fe84937a759_ws_MX&javax.portlet.begCacheTok=token&javax.portlet.endCac heTok=token[/url]

But the publication says donations to 'local government' are eligible. It then says i need to dive into the tax code to determine whether an org is considered eligible as a local government. Does anyone know the answer to this? Or are different fire depts treated differently?
  #5  
Old 12-10-2007, 02:20 PM
Member
 
Join Date: Jul 2005
Posts: 146
Unhappy

Nevermind folks.. I ran the whole idea past the firefighter, and he said he could not accept it. There is some kind of rule that their department cannot accept gifts.
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 04:30 PM.



IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.