Friday, September 21, 2007

IRS Bulletin Provides Change in Place of Filing Forms 1096 and 1098-C

Tax Analysts reports today of the IRS’ changes in filing instructions for organizations receiving motor vehicle, boat, or airplane deductions which are sued by the donee organization to report contribution of qualified vehicles with a claimed value exceeding $500 for calendar years ending after December 30, 2008. The IRS Bulletin provides guidance on the reporting requirements under § 170(f)(12)(D) of the Internal Revenue Code. All Forms 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, along with Form 1096, Annual Summary and Transmittal of U.S. Information Returns, filed after December 31, 2007, must be filed with the Internal Revenue Service Center in Kansas City, Missouri, instead of the afore proper place, Ogden, Utah. The Internal Revenue Service Center at Ogden remains the location for Form 1098-C filed on or before December 31, 2007.

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