Internal Revenue Bulletin: 2005-25 |
June 20, 2005 |
Table of Contents
- Highlights of This Issue
- Preface
- Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
- Part III. Administrative, Procedural, and Miscellaneous
- Notice 2005-44
- SECTION 1. PURPOSE
- SECTION 2. BACKGROUND
- SECTION 3. DEDUCTIONS IN EXCESS OF $500
- 3.01 General rule
- 3.02 Disposition or use by donee organization
- (1) Qualified vehicle sold by donee organization
- (2) Significant intervening use of or material improvement to a qualified vehicle
- (3) Qualified vehicle sold at a price significantly below fair market value (or gratuitously transferred) to needy individual in direct furtherance of donee organization’s charitable purpose
- 3.03 Contemporaneous written acknowledgment under § 170(f)(12)
- (1) General rule
- (2) Qualified vehicle sold by donee organization
- (3) Significant intervening use of or material improvement to a qualified vehicle
- (4) Qualified vehicle sold at a price significantly below fair market value (or gratuitously transferred) to needy individual in direct furtherance of donee organization’s charitable purpose
- SECTION 4. DEDUCTIONS OF $500 OR LESS
- SECTION 5. FAIR MARKET VALUE
- SECTION 6. QUALIFIED APPRAISAL
- SECTION 7. ACKNOWLEDGMENTS BY DONEE ORGANIZATIONS
- 7.01 Requirements of significant intervening use; material improvement; sale or gratuitous transfer to needy individual in direct furtherance of donee organization’s charitable purpose
- (1) Significant intervening use
- (2) Material improvement
- (3) Sale or gratuitous transfer to needy individual in direct furtherance of donee organization’s charitable purpose
- 7.02 Information reporting by donee organizations
- 7.03 Penalties for false or fraudulent acknowledgments and for knowing failure to furnish proper acknowledgment
- 7.04 Sections 170(f)(12)(D) and 6720 inapplicable if donor claims deduction of $500 or less
- SECTION 8. EFFECTIVE DATE AND INTERIM GUIDANCE FOR DONORS AND DONEE ORGANIZATIONS
- SECTION 9. REQUEST FOR COMMENTS
- SECTION 10. PAPERWORK REDUCTION ACT
- SECTION 11. DRAFTING INFORMATION
- Notice 2005-44
- Part IV. Items of General Interest
- REG-168892-03
- REG-102144-04
- REG-134030-04 and REG-133791-02
- REG-158138-04
- Definition of Terms and Abbreviations
- Numerical Finding List
- Effect of Current Actions on Previously Published Items
- How to get the Internal Revenue Bulletin
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