Source: The NonProfit Times  by. Samuel J. Ganburg

The Internal Revenue Service (IRS) is calling for public comment on a scheduled reevaluation on the codes that stipulate rules for charitable contributions of certain motor vehicles, boats and airplanes.

Every three years the IRS takes into account new perspectives and ideas on how tax codes can be changed to make processes run smoother and more effective. The last time this code changed was 2005.

Written comments should be received on or before November 7th 2011 and be directed to Yvette B. Lawrence, Internal Revenue Service, room 6129, 111 Constitution Avenue, NW., Washington, DC 20224

Requests for additional information or copies of notice should direct to Elaine Christophe, at (202) 622-3179, or at Elaine.H.Christophe@irs.gov.

According to the latest statistics provided by the IRS, car donations dropped by almost 68 percent in 2005, from nearly 1 million donations in 2004 to only 311,451.

Read full story….