When donating your car to your favorite charity, the Internal Revenue Service (IRS) wants you to be aware of certain pitfalls. After December 31, 2004, taxpayers planning their charitable giving, donors should understand the way that the American Jobs Creation Act of 2004 will alter the rules for the contribution of used motor vehicles, boats and planes.
When the claimed value of the donated motor vehicle exceeds $500 and the item is sold by the charitable organization, the taxpayer is limited to the gross proceeds from the sale. Under the rules in effect for 2004, taxpayers will be able to deduct the fair market value of the contributed property.
Here is what IRS officials recommend to people donating their cars:
Check the qualification of the Charity. Taxpayers should make sure that they contribute their car to an eligible organization, else their donation will not be tax deductible. They can use the IRS Website to check that an organization is qualified by searching Publication 78. Publication 78 contains a list of most organizations that are qualified to receive deductible contributions. Publication 78 is also available in many public libraries. If in doubt, you can call IRS Tax Exempt/Government Entities Customer Service at 1-877-829-5500.
You should take into the many factors into consideration to establish the fair market value of the car. Many used car buying guides contain step-by-step instructions so that readers can make adjustments to the value of a car for accessories, mileage and other indicators of its general condition. Publications like Publication 526, Charitable Deductions, and Publication 561 provided such details.
Taxpayers cannot take a deduction for car donations if they do not itemize deductions on their personal tax return. The decision to itemize is determined by whether their total itemized deductions are greater than the standard deduction.
Taxpayers must document the automobile donation and its fair market value. IRS Publication 526 details requirements for the types of receipts taxpayers must obtain and the forms they must file.
Some used car donation programs mistaken that donors can deduct the highest value listed in a used-car buyer's guide regardless of the donated vehicle condition. The IRS only allows a deduction for the fair market value of the car. Fair market value takes into account many factors, including the vehicle's condition.
Contact state charity and IRS officials when in doubt. You can call the IRS at 1-800-829-1040 or for TTY/TDD help, call 1-800-829-4059. IRS forms and publications can be found at IRS website www.irs.gov. A list of state charity official offices can also be found online.
Im A Hustla Baby I Just Want You To Know
There is a brand new mental golf game technique out there that most of the top players would rather keep a secret. It's called Tap-In-Golf. Perhaps you have already heard about the buzz it's creating in the golf world. Currently, golfers from over 33 different countries are using this system to master their mental game, cure the yips, cut strokes off of each round, reduce their handicaps, and enjoy the game again. In this short article, you will discover and experience this simple technique that delivers results almost immediately ? results that you will feel in your body and see on your scorecard.
What is the Tap-In-Golf (TIG) Mental Game Mastery System?
Warning ? This may seem a little weird... but give it two minutes and experience the results. Do yourself a favor and suspend disbelief for a short time, and test out the demonstration detailed below. The chances are good that you won't care that it's "unconventional".
Tap-In-Golf is simply a do-it-yourself form of acupuncture, except you don't use needles. Instead you simply "tap" on a few "clearing points" while focusing on the negative feeling or emotion. Let's get right to it!
Step One: Visualize a Stressful Golf Scenario and Rate the Intensity of Your Feelings
Sit down comfortably and close your eyes. In a moment I will instruct you to imagine yourself out on the golf course. Not some generic course, but rather one you know very well. You will imagine yourself on the toughest hole, or possibly the most challenging shot you have ever had to execute.
Is it a tee shot over water, a deep greenside bunker, or a tricky chip onto a sloped green? Whatever it is, I will encourage you to fully immerse yourself into that scenario and to vividly imagine yourself standing over the shot.
While you are performing this mental exercise, make a note of what particular negative emotions (nerves, anxiety, fear) or physical symptoms (butterflies in stomach, sweaty palms) arise, and give them an "intensity rating". We will use a simple scale of 0 ? 10 (0 = no intensity, 10 = very high intensity).
For example, fear at level seven.
Please go ahead and do that now. Take a couple of minutes if necessary.
Write down your "intensity number" on a sheet of paper. We will use it for a subjective test in a few minutes.
Step Two: Tap the Clearing Points (Negative Focus)
Next, you will tap three points approximately ten (10) times each while focusing on the negative emotion or physical symptom you identified above. It is important that you focus on the negative while tapping
Point One ? Collarbone
You will use an open hand to tap this area. Technically speaking, it is not the collarbone, but rather the two boney notches at the base of your neck (the location of the knot of a necktie). Tap it lightly ten times while focusing on the negative emotion.
Point Two ? Under Eye
Use the tips of your index and middle finger to tap on the bone about one inch directly below the eye. Tap it lightly ten times while focusing on the negative emotion.
Point Three - Double Wrists
Simply tap the insides of both of your wrists together (about the area that you would wear a watch). Tap them together ten times while focusing on the negative emotion.
Interesting (sort of) side note: this wrist point is the one that can reduce sea sickness. If you have ever been on a cruise ship, you may have used one of those wrist bands for your queasy stomach. The truth is, those bands are designed to stimulate these exact wrist points. The manufacturers often times don't tell you that because it seems too weird!
Step Three: Tap the Collarbone Point (Positive Focus)
Now tap the Collarbone Point once again with an open hand approximately 10 times while repeating (aloud or silently to yourself) the phrase "Let it be easy".
Step Four ? Take a DEEP BREATH.
Step Five ? Imagine the Exact Same Golf Scenario Again and Check Your Intensity Rating
The chances are very good that the intensity of your emotion or physical symptom will have decreased substantially or disappeared completely.
If you experienced a decrease but there is still some intensity remaining, or if a different emotion or symptom surfaces, simply perform another round or two of this method until you feel calm, confident and as if you could take on Tiger himself!
Question: Will this calm feeling actually carry over to the golf course in this situation?
Answer: Usually. The subconscious mind doesn't know the difference between what you imagine and what is "real". However, if you experience any negative emotions or symptoms while "live" on the golf course, simply apply this technique on the spot and eliminate them in short order.
The above demonstration is just the tip of the iceberg in terms of the enormous potential inherent in these unique techniques for mastering your mental game, lowering your golf handicap, curing the yips, and increasing your enjoyment out on the links.
Both Joshua Poyoh & Mike Geary are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Joshua Poyoh has sinced written about articles on various topics from Pregnancy, Pregnancy Week by Week and Credit Cards. Joshua Poyoh is the creator of where you can find out more information on how to. Joshua Poyoh's top article generates over 18100 views. to your Favourites.
Mike Geary has sinced written about articles on various topics from Abdominal, Family Concerns and Fitness. To learn more secret golf techniques that the pros use and to download a Free Special Report (complete with photos), visit . Mike Geary's top article generates over 14800 views. to your Favourites.
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