New Valuation Rules Apply to the Charitable Donations of Vehicles (American Jobs Creation Act of 2004) New Valuation Rules Apply to the Charitable Donations of Vehicles (American Jobs Creation Act of 2004)

New Valuation Rules Apply to the Charitable Donations of Vehicles (American Jobs Creation Act of 2004‪)‬

Review of Business, 2007, Oct, 27, 4

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Publisher Description

Abstract The rules for determining the amount of a deduction for the charitable contribution of a vehicle were recently amended by the American Jobs Creation Act of 2004. Although charitable contributions of property are generally based on fair market value, the new rules limit the amount of the deduction to the gross sales proceeds from the subsequent sale of the vehicle by the charity.

GENRE
Business & Personal Finance
RELEASED
2007
1 October
LANGUAGE
EN
English
LENGTH
10
Pages
PUBLISHER
St. John's University, College of Business Administration
SELLER
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
258.1
KB

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