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California online Form Instructions 8283: What You Should Know
Form 8283 is used by individuals, corporations, and partnerships to take deductions for non-cash charitable contributions made to qualified organizations in a tax year. Form 8283 is an individual, family, or corporate IRS Form 827 with information on non-cash tax contributions. Who can use Form 8283? How many individuals, corporations and partnerships can take deductions for non-cash donations made to qualified organizations in a tax year? Can qualify organizations and nonresidents be added to Form 8283? Yes. The requirements for Form 8283 are very similar to those specified for individuals or partnerships. You should file for Form 8283 if you: A. A qualified organization is a nonprofit religious, educational, scientific, or social group that is registered with the IRS for tax-exempt purposes, and that meets certain eligibility requirements. B. A qualifying organization makes only one non-cash contribution to another qualifying organization during the year. C. A qualifying organization is a corporation that is organized or registered for tax-exempt purposes and that does not make any substantial investments. D. A qualifying organization is a nonprofit organization that is tax-exempt under section 501(c)(3) of the income tax code. A.1. The amount, form, and tax category of a non-cash contribution is based on if the organization's eligible organization status and a separate non-income tax benefit is available. B. A non-resident organization has a U.S. Address, can make an annual tax-exempt donation of money or property, and is authorized to deduct contributions. C. The corporation's only substantial investment is a single, qualifying investment. D. The contribution to other qualified organizations is made only by another organization, as required by the organization. Donated property, like land or buildings, may be used to qualify for tax deductions. Nonprofit organizations donating this property must register the donation, so they know how much of it is qualified for tax deductions. Nonprofit organizations can deduct the purchase price from their annual contribution to other qualified organizations.
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