Quote:
Originally Posted by shmike
I know you mean well but stop with the tax advice.
You are way, WAY off.
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Think again. As long as he isn't claiming more than "fair market value", the motorcycle isn't in need of any repairs and, the charitable amount does not exceed 50% of his adjusted income, then he can deduct the motorcycle value from his taxes. Sounds like you may need a new tax accountant, because you are being fed wrong information.
http://www.goodwillwm.org/donate/vehicledonations.html
http://www.irs.gov/pub/irs-tege/pub4303.pdf