Table of Contents

• 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
    • 4.01 Contemporaneous written acknowledgment required to substantiate a qualified vehicle contribution of $250 but not more than $500
    • 4.02 Sale of qualified vehicle yields gross proceeds 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
    • 8.01 Effective date and transition rules
    • 8.02 Extension of time to obtain acknowledgments under § 170(f)(12) for contributions made on or before September 1, 2005
    • 8.03 Form of acknowledgment
    • 8.04 Satisfaction of contemporaneous requirement for purposes of § 6720
  • SECTION 9. REQUEST FOR COMMENTS
  • SECTION 10. PAPERWORK REDUCTION ACT
  • SECTION 11. DRAFTING INFORMATION