"Donate Car To Charity" Scheme May End
Sat Dec 18 22:59:17 EST 2004
IIRC, there was an issue with the "Helping Hands Of America"
organization - which was alledgedly not a charity, but a
used car dealer that used donated cars to seed their stock
for free. Once a car was sold, they donated a "portion" of
the proceeds to a charity such as "Sacred Hearts" or others.
Since the donation wasn't "really" to a charitable organization
it would appear that this activity would cause the IRS to take
a close look.
Anybody confirm/deny/have another version?
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