Protect Your Tax Exemption

By |2017-04-21T12:42:44-05:00April 13th, 2017|Exempt, Nonprofit, Tax, Tax Services|

Charities that conduct vehicle donation programs may jeopardize their tax-exempt status by operating the program in a manner that improperly benefits private parties. Generally, a charity’s tax-exempt status won’t be affected if it does any of the following with donated vehicles: Sells the donated cars and uses the proceeds exclusively to fund its charitable programs [...]