| Car Donation FAQ |
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Why Donate Your Car to NFCR? What If I Receive Legal Notices Relating to My Vehicle? In the rare event that you receive any notification of a lien sale, DMV action, or other activity related to your donated vehicle, please contact us at 1-877–500–NFCR (6327) for assistance. In most cases, you'll just need to mail it to CARS. How Does the New Vehicle Contribution Law Effect My Tax Deduction? Donors are no longer responsible for determining the deductible value of their donation. Instead, they will receive IRS Form 1098–C, Contributions of Motor Vehicles, Boats, and Airplanes, if the proceeds from the sale exceed $500, stating the amount of the gross proceeds from the sale of the donated vehicle. The amount listed on IRS Form 1098–C, Contributions of Motor Vehicles, Boats, and Airplanes will be the gross proceeds of the deductible donation. Will I Get a Tax Receipt for My Donation? Yes, our driver will issue a receipt at the time of pick–up. This is your final tax receipt unless your vehicle sells for $500 or more. This initial acknowledgement will indicate your name as well as the year, make, model and condition of the car you are donating. What Can I Claim as a Deduction? According to the tax law effective January 1, 2005, if the claimed value of the donated vehicle exceeds $500, the taxpayer is limited to the gross proceeds of the sale. An IRS Form 1098–C, Contributions of Motor Vehicles, Boats, and Airplanes, will be mailed to you within 30 days of the sale stating the amount of gross proceeds received from your car, provided your vehicle sold for more than $500. This will be your tax receipt for your charitable contribution. How is the Value Determined on the Vehicle Donated? The value is determined by the gross proceeds raised from the sale of the donated vehicle. You no longer have the burden of determining the value yourself. Does the New Law Affect NFCR? NFCR will report the gross proceeds raised from the sale of the vehicle to the donor and the IRS. NFCR receives a check for the proceeds of your vehicle. What If My Car is Valued over $5000? Effective January 1, 2005, you are no longer required to have vehicles appraised. The value you may claim will be the amount of gross proceeds received from your vehicle. When is the Latest Time I Can Donate a Vehicle to NFCR in 2007 and Still Qualify for a Tax Deduction for 2007? Vehicle donations committed to NFCR by midnight of December 31, 2006, are considered as donations for 2007, even if the vehicle is picked up and sold in 2008. How Long Will it Take to Pick Up My Vehicle? We try to make donating your car as simple and convenient as possible. A towing company will contact you within two to three business days. Call our representatives at 1-877–500–NFCR (6327) or e–mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it to set up an appointment. Do I Have to be With the Vehicle at the Time of Pick–Up? No. Special arrangements can be made by calling our representative at 1-877–500–NFCR (6327). Do I Pay for the Towing? No, there is no charge to you for the towing. I Donated My Vehicle Several Weeks Ago and have Not Heard What It Sold For. How Can I Find Out? Start Your Car Donation Today! Call us at 1-877-500-NFCR (6327). |




