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Tuesday, September 15, 2015

How To Select A Third Party Organization

How To Select A Third Party Organization:

You might find yourself in a fix to handle the whole process of car transaction and provide the money to your desired/selected charity.

In such a circumstance, one thinks of a third party or a middleman who keep their fair percentage of profit from selling the car and providing benefit to the donor (tax deduction benefit) and the charity (money).

There are no set parameters to find a genuine middleman or third party organization, but instead there are few steps whereby you can save yourself from car donation scammers:

  1. First and foremost, check whether your vehicle is a qualified vehicle or non-qualified for donation through a guide provided by IRS “http://www.irs.gov/pub/irs-pdf/p4303.pdf “ Page 4 Paragraph 1.
  2. Use the link “http://www.kbb.com/ OR http://www.kbb.com/used-cars/” to assess your vehicle’s actual market value in order to get the fair amount.
  3. You can Google for a third party and when you are sure that the third party is credible after doing some background checks (you can Google company’s name to look for any news/incidents related to that company), you can ask them for their contact number and address to visit their office.  This will ensure the validity of their organization.
  4. Make sure that the third party organization is authorized by the government and ask if they are licensed.
  5. Choose the third party that can provide maximum tax deduction for your car donation.
  6. Ask third party to provide sales receipt of the vehicle.
  7. Avoid third parties who offer vacation or gift certificates. There is a possibility that if you avail a $100 gift certificate or any such in exchange of your car donation, then you may not be entitled to tax deduction.
  8. Make sure that the third party organization’s name is clearly mentioned in the title of the donated car.  This will serve as an evidence for IRS to validate the title transfer, which will allow you to get the desired tax deduction.
  9. Make sure that you are not charged for the tow truck to tow away your donated vehicle.
Note:  I searched Better Business Bureau and found a listing of a third party car donation service http://www.bbb.org/greater-san-francisco/business-reviews/fund-raising-counselors-and-orgs/car-donation-services-in-martinez-ca-58294
Disclaimer:  I have no affiliation with any organization/company/service whatsoever related to car donation.

Car Donation - Learn more at Wheels 4 Help
www.wheels4help.blogspot.com

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