This document contains official instructions for IRS Form 1098-C , Contributions of Motor Vehicles, Boats, and Airplanes - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1098-C is available for download through this link.
Q: What is IRS Form 1098-C?
A: IRS Form 1098-C is a form used to report contributions of motor vehicles, boats, and airplanes made to qualified charitable organizations.
Q: Who should use IRS Form 1098-C?
A: Individuals and organizations who donate motor vehicles, boats, or airplanes to qualified charitable organizations should use IRS Form 1098-C.
Q: What information is required on IRS Form 1098-C?
A: IRS Form 1098-C requires information about the donor, the recipient organization, the vehicle, boat, or airplane being donated, and the fair market value.
Q: When is IRS Form 1098-C due?
A: IRS Form 1098-C is due by the last day of February of the year following the year of the donation.
Q: Can IRS Form 1098-C be filed electronically?
A: Yes, IRS Form 1098-C can be filed electronically.
Q: What is the purpose of IRS Form 1098-C?
A: IRS Form 1098-C is used to provide documentation of the donation for the donor as well as for the recipient organization.
Q: Are there any penalties for not filing IRS Form 1098-C?
A: Yes, there can be penalties for not filing IRS Form 1098-C or for filing an incomplete or incorrect form.
Instruction Details:
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