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Arizona 140 Tax Form

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Arizona 140 Tax Form

Arizona 140 tax form 5. Arizona 140 tax form   Manufacturers Taxes Table of Contents Importer. Arizona 140 tax form Use considered sale. Arizona 140 tax form Lease considered sale. Arizona 140 tax form Bonus goods. Arizona 140 tax form Taxable Event ExemptionsRequirements for Exempt Sales Credits or Refunds Sport Fishing EquipmentRelated person. Arizona 140 tax form Bows, Quivers, Broadheads, and Points Arrow ShaftsExemption for certain wooden arrows. Arizona 140 tax form CoalExported. Arizona 140 tax form Taxable TiresQualifying intercity or local bus. Arizona 140 tax form Qualifying school bus. Arizona 140 tax form Gas Guzzler TaxVehicles not subject to tax. Arizona 140 tax form Imported automobiles. Arizona 140 tax form VaccinesConditions to allowance. Arizona 140 tax form Taxable Medical Devices The following discussion of manufacturers taxes applies to the tax on: Sport fishing equipment; Fishing rods and fishing poles; Electric outboard motors; Fishing tackle boxes; Bows, quivers, broadheads, and points; Arrow shafts; Coal; Taxable tires; Gas guzzler automobiles; and Vaccines. Arizona 140 tax form Manufacturer. Arizona 140 tax form   The term “manufacturer” includes a producer or importer. Arizona 140 tax form A manufacturer is any person who produces a taxable article from new or raw material, or from scrap, salvage, or junk material, by processing or changing the form of an article or by combining or assembling two or more articles. Arizona 140 tax form If you furnish the materials and keep title to those materials and to the finished article, you are considered the manufacturer even though another person actually manufactures the taxable article. Arizona 140 tax form   A manufacturer who sells a taxable article in knockdown (unassembled) condition is liable for the tax. Arizona 140 tax form The person who buys these component parts and assembles a taxable article may also be liable for tax as a further manufacturer depending on the labor, material, and overhead required to assemble the completed article if the article is assembled for business use. Arizona 140 tax form Importer. Arizona 140 tax form   An importer is a person who brings a taxable article into the United States, or withdraws a taxable article from a customs bonded warehouse for sale or use in the United States. Arizona 140 tax form Sale. Arizona 140 tax form   A sale is the transfer of the title to, or the substantial incidents of ownership in, an article to a buyer for consideration that may consist of money, services, or other things. Arizona 140 tax form Use considered sale. Arizona 140 tax form   A manufacturer who uses a taxable article is liable for the tax in the same manner as if it were sold. Arizona 140 tax form Lease considered sale. Arizona 140 tax form   The lease of an article (including any renewal or extension of the lease) by the manufacturer is generally considered a taxable sale. Arizona 140 tax form However, for the gas guzzler tax, only the first lease (excluding any renewal or extension) of the automobile by the manufacturer is considered a sale. Arizona 140 tax form Manufacturers taxes based on sale price. Arizona 140 tax form   The manufacturers taxes imposed on the sale of sport fishing equipment, electric outboard motors, and bows are based on the sale price of the article. Arizona 140 tax form The taxes imposed on coal are based either on the sale price or the weight. Arizona 140 tax form   The price for which an article is sold includes the total consideration paid for the article, whether that consideration is in the form of money, services, or other things. Arizona 140 tax form However, you include certain charges made when a taxable article is sold and you exclude others. Arizona 140 tax form To figure the price on which you base the tax, use the following rules. Arizona 140 tax form Include both the following charges in the price. Arizona 140 tax form Any charge for coverings or containers (regardless of their nature). Arizona 140 tax form Any charge incident to placing the article in a condition packed ready for shipment. Arizona 140 tax form Exclude all the following amounts from the price. Arizona 140 tax form The manufacturers excise tax, whether or not it is stated as a separate charge. Arizona 140 tax form The transportation charges pursuant to the sale. Arizona 140 tax form The cost of transportation of goods to a warehouse before their bona fide sale is not excludable. Arizona 140 tax form Delivery, insurance, installation, retail dealer preparation charges, and other charges you incur in placing the article in the hands of the purchaser under a bona fide sale. Arizona 140 tax form Discounts, rebates, and similar allowances actually granted to the purchaser. Arizona 140 tax form Local advertising charges. Arizona 140 tax form A charge made separately when the article is sold and that qualifies as a charge for “local advertising” may, within certain limits, be excluded from the sale price. Arizona 140 tax form Charges for warranty paid at the purchaser's option. Arizona 140 tax form However, a charge for a warranty of an article that the manufacturer requires the purchaser to pay to obtain the article is included in the sale price on which the tax is figured. Arizona 140 tax form Bonus goods. Arizona 140 tax form   Allocate the sale price if you give free nontaxable goods with the purchase of taxable merchandise. Arizona 140 tax form Figure the tax only on the sale price attributable to the taxable articles. Arizona 140 tax form Example. Arizona 140 tax form A manufacturer sells a quantity of taxable articles and gives the purchaser certain nontaxable articles as a bonus. Arizona 140 tax form The sale price of the shipment is $1,500. Arizona 140 tax form The normal sale price is $2,000: $1,500 for the taxable articles and $500 for the nontaxable articles. Arizona 140 tax form Since the taxable items represent 75% of the normal sale price, the tax is based on 75% of the actual sale price, or $1,125 (75% of $1,500). Arizona 140 tax form The remaining $375 is allocated to the nontaxable articles. Arizona 140 tax form Taxable Event Tax attaches when the title to the article sold passes from the manufacturer to the buyer. Arizona 140 tax form When the title passes depends on the intention of the parties as gathered from the contract of sale. Arizona 140 tax form In the absence of expressed intention, the legal rules of presumption followed in the jurisdiction where the sale occurs determine when title passes. Arizona 140 tax form If the taxable article is used by the manufacturer, the tax attaches at the time use begins. Arizona 140 tax form The manufacturer is liable for the tax. Arizona 140 tax form Partial payments. Arizona 140 tax form   The tax applies to each partial payment received when taxable articles are: Leased, Sold conditionally, Sold on installment with chattel mortgage, or Sold on installment with title to pass in the future. Arizona 140 tax form To figure the tax, multiply the partial payment by the tax rate in effect at the time of the payment. Arizona 140 tax form Exemptions The following sales by the manufacturer are exempt from the manufacturers tax. Arizona 140 tax form Sale of an article to a state or local government for the exclusive use of the state or local government. Arizona 140 tax form This exemption does not apply to the taxes on coal, gas guzzlers, and vaccines. Arizona 140 tax form State is defined in Definitions in chapter 1. Arizona 140 tax form Sale of an article to a nonprofit educational organization for its exclusive use. Arizona 140 tax form This exemption does not apply to the taxes on coal, gas guzzlers, and vaccines. Arizona 140 tax form Nonprofit educational organization is defined under Communications Tax in chapter 4. Arizona 140 tax form Sale of an article to a qualified blood collector organization. Arizona 140 tax form This exemption does not apply to gas guzzlers, recreational equipment, and vaccines. Arizona 140 tax form Qualified blood collector organizations are defined under Communications Tax in chapter 4. Arizona 140 tax form Sale of an article for use by the purchaser as supplies for vessels. Arizona 140 tax form This exemption does not apply to the taxes on coal and vaccines. Arizona 140 tax form Supplies for vessels means ships' stores, sea stores, or legitimate equipment on vessels of war of the United States or any foreign nation, vessels employed in the fisheries or whaling business, or vessels actually engaged in foreign trade. Arizona 140 tax form Sale of an article for use by the purchaser for further manufacture, or for resale by the purchaser to a second purchaser for use by the second purchaser for further manufacture. Arizona 140 tax form This exemption does not apply to the tax on coal and tires. Arizona 140 tax form Use for further manufacture means use in the manufacture or production of an article subject to the manufacturers excise taxes. Arizona 140 tax form If you buy articles tax free and resell or use them other than in the manufacture of another article, you are liable for the tax on their resale or use just as if you had manufactured and sold them. Arizona 140 tax form Sale of an article for export or for resale by the purchaser to a second purchaser for export. Arizona 140 tax form The article may be exported to a foreign country or to a possession of the United States. Arizona 140 tax form A vaccine shipped to a possession of the United States is not considered to be exported. Arizona 140 tax form If an article is sold tax free for export and the manufacturer does not receive proof of export, described later, the manufacturer is liable for the tax. Arizona 140 tax form Sales of articles of native Indian handicraft, such as bows and arrow shafts, manufactured by Indians on reservations, in Indian schools, or under U. Arizona 140 tax form S. Arizona 140 tax form jurisdiction in Alaska. Arizona 140 tax form For tire exemptions, see section 4221(e)(2). Arizona 140 tax form Requirements for Exempt Sales The following requirements must be met for a sale to be exempt from the manufacturers tax. Arizona 140 tax form Registration requirements. Arizona 140 tax form   The manufacturer, first purchaser, and second purchaser in the case of resales must be registered. Arizona 140 tax form See the Form 637 instructions for more information. Arizona 140 tax form Exceptions to registration requirements. Arizona 140 tax form   Registration is not required for: State or local governments, Foreign purchasers of articles sold or resold for export, The United States, or Parties to a sale of supplies for vessels and aircraft. Arizona 140 tax form Certification requirement. Arizona 140 tax form   If the purchaser is required to be registered, the purchaser must give the manufacturer its registration number and certify the exempt purpose for which the article will be used. Arizona 140 tax form The information must be in writing and may be noted on the purchase order or other document furnished by the purchaser to the seller in connection with the sale. Arizona 140 tax form   For a sale to a state or local government, an exemption certificate must be signed by an officer or employee authorized by the state or local government. Arizona 140 tax form See Regulations section 48. Arizona 140 tax form 4221-5(c) for the certificate requirements. Arizona 140 tax form   For sales for use as supplies for vessels and aircraft, if the manufacturer and purchaser are not registered, the owner or agent of the vessel must provide an exemption certificate to the manufacturer before or at the time of sale. Arizona 140 tax form See Regulations section 48. Arizona 140 tax form 4221-4(d) for the certificate requirements. Arizona 140 tax form Proof of export requirement. Arizona 140 tax form   Within 6 months of the date of sale or shipment by the manufacturer, whichever is earlier, the manufacturer must receive proof of exportation. Arizona 140 tax form See Regulations section 48. Arizona 140 tax form 4221-3(d) for evidence that qualifies as proof of exportation. Arizona 140 tax form Proof of resale for further manufacture requirement. Arizona 140 tax form   Within 6 months of the date of sale or shipment by the manufacturer, whichever is earlier, the manufacturer must receive proof that the article has been resold for use in further manufacture. Arizona 140 tax form See Regulations section 48. Arizona 140 tax form 4221-2(c) for evidence that qualifies as proof of resale. Arizona 140 tax form Information to be furnished to purchaser. Arizona 140 tax form   The manufacturer must indicate to the purchaser that the articles normally would be subject to tax and are being sold tax free for an exempt purpose because the purchaser has provided the required certificate. Arizona 140 tax form Credits or Refunds The manufacturer may be eligible to obtain a credit or refund of the manufacturers tax for certain uses, sales, exports, and price readjustments. Arizona 140 tax form The claim must set forth in detail the facts upon which the claim is based. Arizona 140 tax form Uses, sales, and exports. Arizona 140 tax form   A credit or refund (without interest) of the manufacturers taxes may be allowable if a tax-paid article is, by any person: Exported, Used or sold for use as supplies for vessels (except for coal and vaccines), Sold to a state or local government for its exclusive use (except for coal, gas guzzlers, and vaccines), Sold to a nonprofit educational organization for its exclusive use (except for coal, gas guzzlers, and vaccines), Sold to a qualified blood collector organization for its exclusive use (except for gas guzzlers, recreational equipment, and vaccines), or Used for further manufacture of another article subject to the manufacturers taxes (except for coal). Arizona 140 tax form Export. Arizona 140 tax form   If a tax-paid article is exported, the exporter or shipper may claim a credit or refund if the manufacturer waives its right to claim the credit or refund. Arizona 140 tax form In the case of a tax-paid article used to make another taxable article, the subsequent manufacturer may claim the credit or refund. Arizona 140 tax form Price readjustments. Arizona 140 tax form   In addition, a credit or refund (without interest) may be allowable for a tax-paid article for which the price is readjusted by reason of return or repossession of the article or a bona fide discount, rebate, or allowance for taxes based on price. Arizona 140 tax form Conditions to allowance. Arizona 140 tax form   To claim a credit or refund in the case of export; supplies for vessels; or sales to a state or local government, nonprofit educational organization, or qualified blood collector organization; the person who paid the tax must certify on the claim that one of the following applies and that the claimant has the required supporting information. Arizona 140 tax form The claimant sold the article at a tax-excluded price. Arizona 140 tax form The person has repaid, or agreed to repay, the tax to the ultimate vendor of the article. Arizona 140 tax form The person has obtained the written consent of the ultimate vendor to make the claim. Arizona 140 tax form The ultimate vendor generally is the seller making the sale that gives rise to the overpayment of tax. Arizona 140 tax form Claim for further manufacture. Arizona 140 tax form   To claim a credit or refund for further manufacture, the claimant must include a statement that contains the following. Arizona 140 tax form The name and address of the manufacturer and the date of payment. Arizona 140 tax form An identification of the article for which the credit or refund is claimed. Arizona 140 tax form The amount of tax paid on the article and the date on which it was paid. Arizona 140 tax form Information indicating that the article was used as material in the manufacture or production of, or as a component part of, a second article manufactured or produced by the manufacturer, or was sold on or in connection with, or with the sale of a second article manufactured or produced by the manufacturer. Arizona 140 tax form An identification of the second article. Arizona 140 tax form   For claims by the exporter or shipper, the claim must contain the proof of export and a statement signed by the person that paid the tax waiving the right to claim a credit or refund. Arizona 140 tax form The statement must include the amount of tax paid, the date of payment, and the office to which it was paid. Arizona 140 tax form Claim for price readjustment. Arizona 140 tax form   To claim a credit or refund for a price readjustment, the person who paid the tax must include with the claim, a statement that contains the following. Arizona 140 tax form A description of the circumstances that gave rise to the price readjustment. Arizona 140 tax form An identification of the article whose price was readjusted. Arizona 140 tax form The price at which the article was sold. Arizona 140 tax form The amount of tax paid on the article and the date on which it was paid. Arizona 140 tax form The name and address of the purchaser. Arizona 140 tax form The amount repaid to the purchaser or credited to the purchaser's account. Arizona 140 tax form Sport Fishing Equipment A tax of 10% of the sale price is imposed on many articles of sport fishing equipment sold by the manufacturer. Arizona 140 tax form This includes any parts or accessories sold on or in connection with the sale of those articles. Arizona 140 tax form Pay this tax with Form 720. Arizona 140 tax form No tax deposits are required. Arizona 140 tax form Sport fishing equipment includes all the following items. Arizona 140 tax form Fishing rods and poles (and component parts), fishing reels, fly fishing lines, and other fishing lines not over 130 pounds test, fishing spears, spear guns, and spear tips. Arizona 140 tax form Items of terminal tackle, including leaders, artificial lures, artificial baits, artificial flies, fishing hooks, bobbers, sinkers, snaps, drayles, and swivels (but not including natural bait or any item of terminal tackle designed for use and ordinarily used on fishing lines not described in (1)). Arizona 140 tax form The following items of fishing supplies and accessories: fish stringers, creels, bags, baskets, and other containers designed to hold fish, portable bait containers, fishing vests, landing nets, gaff hooks, fishing hook disgorgers, and dressing for fishing lines and artificial flies. Arizona 140 tax form Fishing tip-ups and tilts. Arizona 140 tax form Fishing rod belts, fishing rodholders, fishing harnesses, fish fighting chairs, fishing outriggers, and fishing downriggers. Arizona 140 tax form See Revenue Ruling 88-52 in Cumulative Bulletin 1988-1 for a more complete description of the items of taxable equipment. Arizona 140 tax form Fishing rods and fishing poles. Arizona 140 tax form   The tax on fishing rods and fishing poles (and component parts) is 10% of the sales price not to exceed $10 per article. Arizona 140 tax form The tax is paid by the manufacturer, producer, or importer. Arizona 140 tax form Fishing tackle boxes. Arizona 140 tax form   The tax on fishing tackle boxes is 3% of the sales price. Arizona 140 tax form The tax is paid by the manufacturer, producer, or importer. Arizona 140 tax form Electric outboard boat motors. Arizona 140 tax form   A tax of 3% of the sale price is imposed on the sale by the manufacturer of electric outboard motors. Arizona 140 tax form This includes any parts or accessories sold on or in connection with the sale of those articles. Arizona 140 tax form Certain equipment resale. Arizona 140 tax form   The tax on the sale of sport fishing equipment is imposed a second time under the following circumstances. Arizona 140 tax form If the manufacturer sells a taxable article to any person, the manufacturer is liable for the tax. Arizona 140 tax form If the purchaser or any other person then sells it to a person who is related (discussed next) to the manufacturer, that related person is liable for a second tax on any subsequent sale of the article. Arizona 140 tax form The second tax, however, is not imposed if the constructive sale price rules under section 4216(b) apply to the sale by the manufacturer. Arizona 140 tax form   If the second tax is imposed, a credit for tax previously paid by the manufacturer is available provided the related person can document the tax paid. Arizona 140 tax form The documentation requirement is generally satisfied only through submission of copies of actual records of the person that previously paid the tax. Arizona 140 tax form Related person. Arizona 140 tax form   For the tax on sport fishing equipment, a person is a related person of the manufacturer if that person and the manufacturer have a relationship described in section 465(b)(3)(C). Arizona 140 tax form Bows, Quivers, Broadheads, and Points The tax on bows is 11% (. Arizona 140 tax form 11) of the sales price. Arizona 140 tax form The tax is paid by the manufacturer, producer, or importer. Arizona 140 tax form It applies to bows having a peak draw weight of 30 pounds or more. Arizona 140 tax form The tax is also imposed on the sale of any part or accessory suitable for inclusion in or attachment to a taxable bow and any quiver, broadhead, or point suitable for use with arrows described below. Arizona 140 tax form Pay this tax with Form 720. Arizona 140 tax form No tax deposits are required. Arizona 140 tax form Arrow Shafts The tax on arrow shafts is listed on Form 720. Arizona 140 tax form The tax is paid by the manufacturer, producer, or importer of any arrow shaft (whether sold separately or incorporated as part of a finished or unfinished product) of a type used in the manufacture of any arrow that after its assembly meets either of the following conditions. Arizona 140 tax form It measures 18 inches or more in overall length. Arizona 140 tax form It measures less than 18 inches in overall length but is suitable for use with a taxable bow, described earlier. Arizona 140 tax form Exemption for certain wooden arrows. Arizona 140 tax form   After October 3, 2008, the tax does not apply to any shaft made of all natural wood with no laminations or artificial means of enhancing the spine of such shaft (whether sold separately or incorporated as part of a finished or unfinished product) and used in the manufacture of any arrow that after its assembly meets both of the following conditions. Arizona 140 tax form It measures 5/16 of an inch or less in diameter. Arizona 140 tax form It is not suitable for use with a taxable bow, described earlier. Arizona 140 tax form Pay this tax with Form 720. Arizona 140 tax form No tax deposits are required. Arizona 140 tax form Coal A tax is imposed on the first sale of coal mined in the United States. Arizona 140 tax form The producer of the coal is liable for the tax. Arizona 140 tax form The producer is the person who has vested ownership of the coal under state law immediately after the coal is severed from the ground. Arizona 140 tax form Determine vested ownership without regard to any contractual arrangement for the sale or other disposition of the coal or the payment of any royalties between the producer and third parties. Arizona 140 tax form A producer includes any person who extracts coal from coal waste refuse piles (or from the silt waste product that results from the wet washing of coal). Arizona 140 tax form The tax is not imposed on coal extracted from a riverbed by dredging if it can be shown that the coal has been taxed previously. Arizona 140 tax form Tax rates. Arizona 140 tax form   The tax on underground-mined coal is the lower of: $1. Arizona 140 tax form 10 a ton, or 4. Arizona 140 tax form 4% of the sale price. Arizona 140 tax form   The tax on surface-mined coal is the lower of: 55 cents a ton, or 4. Arizona 140 tax form 4% of the sale price. Arizona 140 tax form   Coal will be taxed at the 4. Arizona 140 tax form 4% rate if the selling price is less than $25 a ton for underground-mined coal and less than $12. Arizona 140 tax form 50 a ton for surface-mined coal. Arizona 140 tax form Apply the tax proportionately if a sale or use includes a portion of a ton. Arizona 140 tax form Example. Arizona 140 tax form If you sell 21,000 pounds (10. Arizona 140 tax form 5 tons) of coal from an underground mine for $525, the price per ton is $50. Arizona 140 tax form The tax is $1. Arizona 140 tax form 10 × 10. Arizona 140 tax form 5 tons ($11. Arizona 140 tax form 55). Arizona 140 tax form Coal production. Arizona 140 tax form   Coal is produced from surface mines if all geological matter (trees, earth, rock) above the coal is removed before the coal is mined. Arizona 140 tax form Treat coal removed by auger and coal reclaimed from coal waste refuse piles as produced from a surface mine. Arizona 140 tax form   Treat coal as produced from an underground mine when the coal is not produced from a surface mine. Arizona 140 tax form In some cases, a single mine may yield coal from both surface mining and underground mining. Arizona 140 tax form Determine if the coal is from a surface mine or an underground mine for each ton of coal produced and not on a mine-by-mine basis. Arizona 140 tax form Determining tonnage or selling price. Arizona 140 tax form   The producer pays the tax on coal at the time of sale or use. Arizona 140 tax form In figuring the selling price for applying the tax, the point of sale is f. Arizona 140 tax form o. Arizona 140 tax form b. Arizona 140 tax form (free on board) mine or f. Arizona 140 tax form o. Arizona 140 tax form b. Arizona 140 tax form cleaning plant if you clean the coal before selling it. Arizona 140 tax form This applies even if you sell the coal for a delivered price. Arizona 140 tax form The f. Arizona 140 tax form o. Arizona 140 tax form b. Arizona 140 tax form mine or f. Arizona 140 tax form o. Arizona 140 tax form b. Arizona 140 tax form cleaning plant is the point at which you figure the number of tons sold for applying the applicable tonnage rate, and the point at which you figure the sale price for applying the 4. Arizona 140 tax form 4% rate. Arizona 140 tax form   The tax applies to the full amount of coal sold. Arizona 140 tax form However, the IRS allows a calculated reduction of the taxable weight of the coal for the weight of the moisture in excess of the coal's inherent moisture content. Arizona 140 tax form Include in the sale price any additional charge for a freeze-conditioning additive in figuring the tax. Arizona 140 tax form   Do not include in the sales price the excise tax imposed on coal. Arizona 140 tax form Coal used by the producer. Arizona 140 tax form   The tax on coal applies if the coal is used by the producer in other than a mining process. Arizona 140 tax form A mining process means the same for this purpose as for percentage depletion. Arizona 140 tax form For example, the tax does not apply if, before selling the coal, you break it, clean it, size it, or apply any other process considered mining under the rules for depletion. Arizona 140 tax form In this case, the tax applies only when you sell the coal. Arizona 140 tax form The tax does not apply to coal used as fuel in the coal drying process since it is considered to be used in a mining process. Arizona 140 tax form However, the tax does apply when you use the coal as fuel or as an ingredient in making coke since the coal is not used in a mining process. Arizona 140 tax form   You must use a constructive sale price to figure the tax under the 4. Arizona 140 tax form 4% rate if you use the coal in other than a mining process. Arizona 140 tax form Base your constructive sale price on sales of a like kind and grade of coal by you or other producers made f. Arizona 140 tax form o. Arizona 140 tax form b. Arizona 140 tax form mine or cleaning plant. Arizona 140 tax form Normally, you use the same constructive price used to figure your percentage depletion deduction. Arizona 140 tax form Blending. Arizona 140 tax form   If you blend surface-mined coal with underground-mined coal during the cleaning process, you must figure the excise tax on the sale of the blended, cleaned coal. Arizona 140 tax form Figure the tax separately for each type of coal in the blend. Arizona 140 tax form Base the tax on the amount of each type in the blend if you can determine the proportion of each type of coal contained in the final blend. Arizona 140 tax form Base the tax on the ratio of each type originally put into the cleaning process if you cannot determine the proportion of each type of coal in the blend. Arizona 140 tax form However, the tax is limited to 4. Arizona 140 tax form 4% of the sale price per ton of the blended coal. Arizona 140 tax form Exemption from tax. Arizona 140 tax form   The tax does not apply to sales of lignite and imported coal. Arizona 140 tax form The only other exemption from the tax on the sale of coal is for coal exported as discussed next. Arizona 140 tax form Exported. Arizona 140 tax form   The tax does not apply to the sale of coal if the coal is in the stream of export when sold by the producer and the coal is actually exported. Arizona 140 tax form   Coal is in the stream of export when sold by the producer if the sale is a step in the exportation of the coal to its ultimate destination in a foreign country. Arizona 140 tax form For example, coal is in the stream of export when: The coal is loaded on an export vessel and title is transferred from the producer to a foreign purchaser, or The producer sells the coal to an export broker in the United States under terms of a contract showing that the coal is to be shipped to a foreign country. Arizona 140 tax form   Proof of export includes any of the following items. Arizona 140 tax form A copy of the export bill of lading issued by the delivering carrier. Arizona 140 tax form A certificate signed by the export carrier's agent or representative showing actual exportation of the coal. Arizona 140 tax form A certificate of landing signed by a customs officer of the foreign country to which the coal is exported. Arizona 140 tax form If the foreign country does not have a customs administrator, a statement of the foreign consignee showing receipt of the coal. Arizona 140 tax form Taxable Tires Taxable tires are divided into three categories for reporting and figuring the tax as described below. Arizona 140 tax form A tax is imposed on taxable tires sold by the manufacturer, producer, or importer at the rate of $. Arizona 140 tax form 0945 ($. Arizona 140 tax form 04725 in the case of a biasply tire or super single tire) for each 10 pounds of the maximum rated load capacity over 3,500 pounds. Arizona 140 tax form The three categories for reporting the tax and the tax rate are listed below. Arizona 140 tax form Taxable tires other than biasply or super single tires at $. Arizona 140 tax form 0945. Arizona 140 tax form Taxable tires, biasply or super single tires (other than super single tires designed for steering) at $. Arizona 140 tax form 04725. Arizona 140 tax form Taxable tires, super single tires designed for steering at $. Arizona 140 tax form 0945. Arizona 140 tax form A taxable tire is any tire of the type used on highway vehicles if wholly or partially made of rubber and if marked according to federal regulations for highway use. Arizona 140 tax form A biasply tire is a pneumatic tire on which the ply cords that extend to the beads are laid at alternate angles substantially less than 90 degrees to the centerline of the tread. Arizona 140 tax form A super single tire is a tire greater than 13 inches in cross section width designed to replace 2 tires in a dual fitment. Arizona 140 tax form Special rule, manufacturer's retail stores. Arizona 140 tax form   The excise tax on taxable tires is imposed at the time the taxable tires are delivered to the manufacturer-owned retail stores, not at the time of sale. Arizona 140 tax form Tires on imported articles. Arizona 140 tax form   The importer of an article equipped with taxable tires is treated as the manufacturer of the tires and is liable for the taxable tire excise tax when the article is sold (except in the case of an automobile bus chassis or body with tires). Arizona 140 tax form Tires exempt from tax. Arizona 140 tax form   The tax on taxable tires does not apply to the following items. Arizona 140 tax form Domestically recapped or retreaded tires if the tires have been sold previously in the United States and were taxable tires at the time of sale. Arizona 140 tax form Tire carcasses not suitable for commercial use. Arizona 140 tax form Tires for use on qualifying intercity, local, and school buses. Arizona 140 tax form For tax-free treatment, the registration requirements discussed earlier under Requirements for Exempt Sales apply. Arizona 140 tax form Tires sold for the exclusive use of the Department of Defense or the Coast Guard. Arizona 140 tax form Tires of a type used exclusively on mobile machinery. Arizona 140 tax form A taxable tire used on mobile machinery is not exempt from tax. Arizona 140 tax form Qualifying intercity or local bus. Arizona 140 tax form   This is any bus used mainly (more than 50%) to transport the general public for a fee and that either operates on a schedule along regular routes or seats at least 20 adults (excluding the driver). Arizona 140 tax form Qualifying school bus. Arizona 140 tax form   This is any bus substantially all the use (85% or more) of which is to transport students and employees of schools. Arizona 140 tax form Credit or refund. Arizona 140 tax form   A credit or refund (without interest) is allowable on tax-paid tires if the tires have been: Exported; Sold to a state or local government for its exclusive use; Sold to a nonprofit educational organization for its exclusive use (as defined under Communications Tax in chapter 4); Sold to a qualified blood collector organization (as defined under Communications Tax in chapter 4) for its exclusive use in connection with a vehicle the organization certifies will be primarily used in the collection, storage, or transportation of blood; Used or sold for use as supplies for vessels; or Sold in connection with qualified intercity, local, or school buses. Arizona 140 tax form   Also, a credit or refund (without interest) is allowable on tax-paid tires sold by any person on, or in connection with, any other article that is sold or used in an activity listed above. Arizona 140 tax form   The person who paid the tax is eligible to make the claim. Arizona 140 tax form Gas Guzzler Tax Tax is imposed on the sale by the manufacturer of automobiles of a model type that has a fuel economy standard as measured by the Environmental Protection Agency (EPA) of less than 22. Arizona 140 tax form 5 miles per gallon. Arizona 140 tax form If you import an automobile for personal use, you may be liable for this tax. Arizona 140 tax form Figure the tax on Form 6197, as discussed later. Arizona 140 tax form The tax rate is based on fuel economy rating. Arizona 140 tax form The tax rates for the gas guzzler tax are shown on Form 6197. Arizona 140 tax form A person that lengthens an existing automobile is the manufacturer of an automobile. Arizona 140 tax form Automobiles. Arizona 140 tax form   An automobile (including limousines) means any four-wheeled vehicle that is: Rated at an unloaded gross vehicle weight of 6,000 pounds or less, Propelled by an engine powered by gasoline or diesel fuel, and Intended for use mainly on public streets, roads, and highways. Arizona 140 tax form Vehicles not subject to tax. Arizona 140 tax form   For the gas guzzler tax, the following vehicles are not considered automobiles. Arizona 140 tax form Limousines with a gross unloaded vehicle weight of more than 6,000 pounds. Arizona 140 tax form Vehicles operated exclusively on a rail or rails. Arizona 140 tax form Vehicles sold for use and used primarily: As ambulances or combination ambulance-hearses, For police or other law enforcement purposes by federal, state, or local governments, or For firefighting purposes. Arizona 140 tax form Vehicles treated under 49 U. Arizona 140 tax form S. Arizona 140 tax form C. Arizona 140 tax form 32901 (1978) as non-passenger automobiles. Arizona 140 tax form This includes limousines manufactured primarily to transport more than 10 persons. Arizona 140 tax form   The manufacturer can sell a vehicle described in item (3) tax free only when the sale is made directly to a purchaser for the described emergency use and the manufacturer and purchaser (other than a state or local government) are registered. Arizona 140 tax form   Treat an Indian tribal government as a state only if the police or other law enforcement purposes are an essential tribal government function. Arizona 140 tax form Model type. Arizona 140 tax form   Model type is a particular class of automobile as determined by EPA regulations. Arizona 140 tax form Fuel economy. Arizona 140 tax form   Fuel economy is the average number of miles an automobile travels on a gallon of gasoline (or diesel fuel) rounded to the nearest 0. Arizona 140 tax form 1 mile as figured by the EPA. Arizona 140 tax form Imported automobiles. Arizona 140 tax form   The tax also applies to automobiles that do not have a prototype-based fuel economy rating assigned by the EPA. Arizona 140 tax form An automobile imported into the United States without a certificate of conformity to United States emission standards and that has no assigned fuel economy rating must be either: Converted by installation of emission controls to conform in all material respects to an automobile already certified for sale in the United States, or Modified by installation of emission control components and individually tested to demonstrate emission compliance. Arizona 140 tax form   An imported automobile that has been converted to conform to an automobile already certified for sale in the United States may use the fuel economy rating assigned to that certified automobile. Arizona 140 tax form   A fuel economy rating is not generally available for modified imported automobiles because the EPA does not require a highway fuel economy test on them. Arizona 140 tax form A separate highway fuel economy test would be required to devise a fuel economy rating (otherwise the automobile is presumed to fall within the lowest fuel economy rating category). Arizona 140 tax form   For more information about fuel economy ratings for imported automobiles, see Revenue Ruling 86-20 and Revenue Procedure 86-9 in Cumulative Bulletin 1986-1, and Revenue Procedure 87-10 in Cumulative Bulletin 1987-1. Arizona 140 tax form Exemptions. Arizona 140 tax form   No one is exempt from the gas guzzler tax, including the federal government, state and local governments, qualified blood collector organizations, and nonprofit educational organizations. Arizona 140 tax form However, see Vehicles not subject to tax, earlier. Arizona 140 tax form Form 6197. Arizona 140 tax form   Use Form 6197 to figure your tax liability for each quarter. Arizona 140 tax form Attach Form 6197 to your Form 720 for the quarter. Arizona 140 tax form See the Form 6197 instructions for more information and the one-time filing rules. Arizona 140 tax form Credit or refund. Arizona 140 tax form   If the manufacturer paid the tax on a vehicle that is used or resold for an emergency use (see item (3) under Vehicles not subject to tax), the manufacturer can claim a credit or refund. Arizona 140 tax form For information about how to file for credits or refunds, see the Instructions for Form 720 or Form 8849. Arizona 140 tax form Vaccines Tax is imposed on certain vaccines sold by the manufacturer in the United States. Arizona 140 tax form A taxable vaccine means any of the following vaccines. Arizona 140 tax form Any vaccine containing diphtheria toxoid. Arizona 140 tax form Any vaccine containing tetanus toxoid. Arizona 140 tax form Any vaccine containing pertussis bacteria, extracted or partial cell bacteria, or specific pertussis antigens. Arizona 140 tax form Any vaccine containing polio virus. Arizona 140 tax form Any vaccine against measles. Arizona 140 tax form Any vaccine against mumps. Arizona 140 tax form Any vaccine against rubella. Arizona 140 tax form Any vaccine against hepatitis A. Arizona 140 tax form Any vaccine against hepatitis B. Arizona 140 tax form Any vaccine against chicken pox. Arizona 140 tax form Any vaccine against rotavirus gastroenteritis. Arizona 140 tax form Any HIB vaccine. Arizona 140 tax form Any conjugate vaccine against streptococcus pneumoniae. Arizona 140 tax form Any trivalent vaccine against influenza or any other vaccine against influenza. Arizona 140 tax form Any meningococcal vaccine. Arizona 140 tax form Any vaccine against the human papillomavirus. Arizona 140 tax form The effective date for the tax on any vaccine against influenza, other than trivalent influenza vaccines, is the later of August 1, 2013, or the date the Secretary of Health and Human Services lists a vaccine against seasonal influenza for purposes of compensation for any vaccine-related injury or death through the Vaccine Injury Compensation Trust Fund. Arizona 140 tax form The tax is $. Arizona 140 tax form 75 per dose of each taxable vaccine. Arizona 140 tax form The tax per dose on a vaccine that contains more than one taxable vaccine is $. Arizona 140 tax form 75 times the number of taxable vaccines. Arizona 140 tax form Taxable use. Arizona 140 tax form   Any manufacturer (including a governmental entity) that uses a taxable vaccine before it is sold will be liable for the tax in the same manner as if the vaccine was sold by the manufacturer. Arizona 140 tax form Credit or refund. Arizona 140 tax form   A credit or refund (without interest) is available if the vaccine is: Returned to the person who paid the tax (other than for resale), or Destroyed. Arizona 140 tax form The claim for a credit or refund must be filed within 6 months after the vaccine is returned or destroyed. Arizona 140 tax form Conditions to allowance. Arizona 140 tax form   To claim a credit or refund, the person who paid the tax must have repaid or agreed to repay the tax to the ultimate purchaser of the vaccine or obtained the written consent of such purchaser to allowance of the credit or refund. Arizona 140 tax form Taxable Medical Devices Taxable medical devices. Arizona 140 tax form   The tax on the sale of certain medical devices by the manufacturer, producer, or importer of the device is 2. Arizona 140 tax form 3% (. Arizona 140 tax form 023) of the sales price. Arizona 140 tax form A taxable medical device is a device that is listed as a device with the Food and Drug Administration (FDA) under section 510(j) of the Federal Food, Drug, and Cosmetic Act and 21 CFR part 807, pursuant to FDA requirements. Arizona 140 tax form There are specific exemptions for eyeglasses, contact lenses, and hearing aids. Arizona 140 tax form There is also an exemption for devices that are determined by the Secretary to be of a type that are generally purchased by the general public at retail for individual use (this exemption is known as the retail exemption). Arizona 140 tax form See T. Arizona 140 tax form D. Arizona 140 tax form 9604 for information on how to determine whether a device falls within the retail exemption, and examples of how a taxpayer might evaluate a given device. Arizona 140 tax form More information. Arizona 140 tax form   For more information on the medical device tax, see section 4191, T. Arizona 140 tax form D. Arizona 140 tax form 9604, and Notice 2012-77. Arizona 140 tax form You can find T. Arizona 140 tax form D. Arizona 140 tax form 9604 and Notice 2012-77 on pages 730 and 781, respectively, of I. Arizona 140 tax form R. Arizona 140 tax form B. Arizona 140 tax form 2012-52 at www. Arizona 140 tax form irs. Arizona 140 tax form gov/pub/irs-irbs/irb12-52. Arizona 140 tax form pdf. Arizona 140 tax form Prev  Up  Next   Home   More Online Publications
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Arizona 140 tax form Publication 526 - Main Content Table of Contents Organizations That Qualify To Receive Deductible ContributionsTypes of Qualified Organizations Contributions You Can DeductContributions From Which You Benefit Expenses Paid for Student Living With You Out-of-Pocket Expenses in Giving Services Expenses of Whaling Captains Contributions You Cannot DeductContributions to Individuals Contributions to Nonqualified Organizations Contributions From Which You Benefit Value of Time or Services Personal Expenses Appraisal Fees Contributions to Donor-Advised Funds Partial Interest in Property Contributions of PropertyContributions Subject to Special Rules Determining Fair Market Value Giving Property That Has Decreased in Value Giving Property That Has Increased in Value Penalty When To DeductChecks. Arizona 140 tax form Text message. Arizona 140 tax form Credit card. Arizona 140 tax form Pay-by-phone account. Arizona 140 tax form Stock certificate. Arizona 140 tax form Promissory note. Arizona 140 tax form Option. Arizona 140 tax form Borrowed funds. Arizona 140 tax form Conditional gift. Arizona 140 tax form Limits on Deductions50% Limit 30% Limit Special 30% Limit for Capital Gain Property 20% Limit Special 50% Limit for Qualified Conservation Contributions How To Figure Your Deduction When Limits Apply Records To KeepCash Contributions Noncash Contributions Out-of-Pocket Expenses How To ReportReporting expenses for student living with you. Arizona 140 tax form Total deduction over $500. Arizona 140 tax form Deduction over $5,000 for one item. Arizona 140 tax form Vehicle donations. Arizona 140 tax form Clothing and household items not in good used condition. Arizona 140 tax form Easement on building in historic district. Arizona 140 tax form Deduction over $500,000. Arizona 140 tax form How To Get Tax HelpLow Income Taxpayer Clinics Organizations That Qualify To Receive Deductible Contributions You can deduct your contributions only if you make them to a qualified organization. Arizona 140 tax form Most organizations, other than churches and governments, must apply to the IRS to become a qualified organization. Arizona 140 tax form How to check whether an organization can receive deductible charitable contributions. Arizona 140 tax form   You can ask any organization whether it is a qualified organization, and most will be able to tell you. Arizona 140 tax form Or go to IRS. Arizona 140 tax form gov. Arizona 140 tax form Click on “Tools” and then on “Exempt Organizations Select Check” (www. Arizona 140 tax form irs. Arizona 140 tax form gov/Charities-&-Non-Profits/Exempt-Organizations-Select-Check). Arizona 140 tax form This online tool will enable you to search for qualified organizations. Arizona 140 tax form You can also call the IRS to find out if an organization is qualified. Arizona 140 tax form Call 1-877-829-5500. Arizona 140 tax form People who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD equipment can call 1-800-829-4059. Arizona 140 tax form Deaf or hard of hearing individuals can also contact the IRS through relay services such as the Federal Relay Service at www. Arizona 140 tax form gsa. Arizona 140 tax form gov/fedrelay. Arizona 140 tax form Types of Qualified Organizations Generally, only the following types of organizations can be qualified organizations. Arizona 140 tax form A community chest, corporation, trust, fund, or foundation organized or created in or under the laws of the United States, any state, the District of Columbia, or any possession of the United States (including Puerto Rico). Arizona 140 tax form It must, however, be organized and operated only for charitable, religious, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Arizona 140 tax form Certain organizations that foster national or international amateur sports competition also qualify. Arizona 140 tax form War veterans' organizations, including posts, auxiliaries, trusts, or foundations, organized in the United States or any of its possessions (including Puerto Rico). Arizona 140 tax form Domestic fraternal societies, orders, and associations operating under the lodge system. Arizona 140 tax form (Your contribution to this type of organization is deductible only if it is to be used solely for charitable, religious, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Arizona 140 tax form ) Certain nonprofit cemetery companies or corporations. Arizona 140 tax form (Your contribution to this type of organization is not deductible if it can be used for the care of a specific lot or mausoleum crypt. Arizona 140 tax form ) The United States or any state, the District of Columbia, a U. Arizona 140 tax form S. Arizona 140 tax form possession (including Puerto Rico), a political subdivision of a state or U. Arizona 140 tax form S. Arizona 140 tax form possession, or an Indian tribal government or any of its subdivisions that perform substantial government functions. Arizona 140 tax form (Your contribution to this type of organization is deductible only if it is to be used solely for public purposes. Arizona 140 tax form ) Example 1. Arizona 140 tax form You contribute cash to your city's police department to be used as a reward for information about a crime. Arizona 140 tax form The city police department is a qualified organization, and your contribution is for a public purpose. Arizona 140 tax form You can deduct your contribution. Arizona 140 tax form Example 2. Arizona 140 tax form You make a voluntary contribution to the social security trust fund, not earmarked for a specific account. Arizona 140 tax form Because the trust fund is part of the U. Arizona 140 tax form S. Arizona 140 tax form Government, you contributed to a qualified organization. Arizona 140 tax form You can deduct your contribution. Arizona 140 tax form Examples. Arizona 140 tax form   The following list gives some examples of qualified organizations. Arizona 140 tax form Churches, a convention or association of churches, temples, synagogues, mosques, and other religious organizations. Arizona 140 tax form Most nonprofit charitable organizations such as the American Red Cross and the United Way. Arizona 140 tax form Most nonprofit educational organizations, including the Boy Scouts of America, Girl Scouts of America, colleges, and museums. Arizona 140 tax form This also includes nonprofit daycare centers that provide childcare to the general public if substantially all the childcare is provided to enable parents and guardians to be gainfully employed. Arizona 140 tax form However, if your contribution is a substitute for tuition or other enrollment fee, it is not deductible as a charitable contribution, as explained later under Contributions You Cannot Deduct . Arizona 140 tax form Nonprofit hospitals and medical research organizations. Arizona 140 tax form Utility company emergency energy programs, if the utility company is an agent for a charitable organization that assists individuals with emergency energy needs. Arizona 140 tax form Nonprofit volunteer fire companies. Arizona 140 tax form Nonprofit organizations that develop and maintain public parks and recreation facilities. Arizona 140 tax form Civil defense organizations. Arizona 140 tax form Canadian charities. Arizona 140 tax form   You may be able to deduct contributions to certain Canadian charitable organizations covered under an income tax treaty with Canada. Arizona 140 tax form To deduct your contribution to a Canadian charity, you generally must have income from sources in Canada. Arizona 140 tax form See Publication 597, Information on the United States-Canada Income Tax Treaty, for information on how to figure your deduction. Arizona 140 tax form Mexican charities. Arizona 140 tax form   Under the U. Arizona 140 tax form S. Arizona 140 tax form -Mexico income tax treaty, a contribution to a Mexican charitable organization may be deductible, but only if and to the extent the contribution would have been treated as a charitable contribution to a public charity created or organized under U. Arizona 140 tax form S. Arizona 140 tax form law. Arizona 140 tax form To deduct your contribution to a Mexican charity, you must have income from sources in Mexico. Arizona 140 tax form The limits described in Limits on Deductions , later, apply and are figured using your income from Mexican sources. Arizona 140 tax form Israeli charities. Arizona 140 tax form   Under the U. Arizona 140 tax form S. Arizona 140 tax form -Israel income tax treaty, a contribution to an Israeli charitable organization is deductible if and to the extent the contribution would have been treated as a charitable contribution if the organization had been created or organized under U. Arizona 140 tax form S. Arizona 140 tax form law. Arizona 140 tax form To deduct your contribution to an Israeli charity, you must have income from sources in Israel. Arizona 140 tax form The limits described in Limits on Deductions , later, apply. Arizona 140 tax form The deduction is also limited to 25% of your adjusted gross income from Israeli sources. Arizona 140 tax form Contributions You Can Deduct Generally, you can deduct contributions of money or property you make to, or for the use of, a qualified organization. Arizona 140 tax form A contribution is “for the use of” a qualified organization when it is held in a legally enforceable trust for the qualified organization or in a similar legal arrangement. Arizona 140 tax form The contributions must be made to a qualified organization and not set aside for use by a specific person. Arizona 140 tax form If you give property to a qualified organization, you generally can deduct the fair market value of the property at the time of the contribution. Arizona 140 tax form See Contributions of Property , later. Arizona 140 tax form Your deduction for charitable contributions generally cannot be more than 50% of your adjusted gross income (AGI), but in some cases 20% and 30% limits may apply. Arizona 140 tax form In addition, the total of your charitable contributions deduction and certain other itemized deductions may be limited. Arizona 140 tax form See Limits on Deductions , later. Arizona 140 tax form Table 1 in this publication gives examples of contributions you can and cannot deduct. Arizona 140 tax form Contributions From Which You Benefit If you receive a benefit as a result of making a contribution to a qualified organization, you can deduct only the amount of your contribution that is more than the value of the benefit you receive. Arizona 140 tax form Also see Contributions From Which You Benefit under Contributions You Cannot Deduct, later. Arizona 140 tax form If you pay more than fair market value to a qualified organization for goods or services, the excess may be a charitable contribution. Arizona 140 tax form For the excess amount to qualify, you must pay it with the intent to make a charitable contribution. Arizona 140 tax form Example 1. Arizona 140 tax form You pay $65 for a ticket to a dinner-dance at a church. Arizona 140 tax form Your entire $65 payment goes to the church. Arizona 140 tax form The ticket to the dinner-dance has a fair market value of $25. Arizona 140 tax form When you buy your ticket, you know its value is less than your payment. Arizona 140 tax form To figure the amount of your charitable contribution, subtract the value of the benefit you receive ($25) from your total payment ($65). Arizona 140 tax form You can deduct $40 as a charitable contribution to the church. Arizona 140 tax form Example 2. Arizona 140 tax form At a fundraising auction conducted by a charity, you pay $600 for a week's stay at a beach house. Arizona 140 tax form The amount you pay is no more than the fair rental value. Arizona 140 tax form You have not made a deductible charitable contribution. Arizona 140 tax form Athletic events. Arizona 140 tax form   If you make a payment to, or for the benefit of, a college or university and, as a result, you receive the right to buy tickets to an athletic event in the athletic stadium of the college or university, you can deduct 80% of the payment as a charitable contribution. Arizona 140 tax form   If any part of your payment is for tickets (rather than the right to buy tickets), that part is not deductible. Arizona 140 tax form Subtract the price of the tickets from your payment. Arizona 140 tax form You can deduct 80% of the remaining amount as a charitable contribution. Arizona 140 tax form Example 1. Arizona 140 tax form You pay $300 a year for membership in a university's athletic scholarship program. Arizona 140 tax form The only benefit of membership is that you have the right to buy one season ticket for a seat in a designated area of the stadium at the university's home football games. Arizona 140 tax form You can deduct $240 (80% of $300) as a charitable contribution. Arizona 140 tax form Example 2. Arizona 140 tax form The facts are the same as in Example 1 except your $300 payment includes the purchase of one season ticket for the stated ticket price of $120. Arizona 140 tax form You must subtract the usual price of a ticket ($120) from your $300 payment. Arizona 140 tax form The result is $180. Arizona 140 tax form Your deductible charitable contribution is $144 (80% of $180). Arizona 140 tax form Charity benefit events. Arizona 140 tax form   If you pay a qualified organization more than fair market value for the right to attend a charity ball, banquet, show, sporting event, or other benefit event, you can deduct only the amount that is more than the value of the privileges or other benefits you receive. Arizona 140 tax form   If there is an established charge for the event, that charge is the value of your benefit. Arizona 140 tax form If there is no established charge, the reasonable value of the right to attend the event is the value of your benefit. Arizona 140 tax form Whether you use the tickets or other privileges has no effect on the amount you can deduct. Arizona 140 tax form However, if you return the ticket to the qualified organization for resale, you can deduct the entire amount you paid for the ticket. Arizona 140 tax form    Even if the ticket or other evidence of payment indicates that the payment is a “contribution,” this does not mean you can deduct the entire amount. Arizona 140 tax form If the ticket shows the price of admission and the amount of the contribution, you can deduct the contribution amount. Arizona 140 tax form Example. Arizona 140 tax form You pay $40 to see a special showing of a movie for the benefit of a qualified organization. Arizona 140 tax form Printed on the ticket is “Contribution–$40. Arizona 140 tax form ” If the regular price for the movie is $8, your contribution is $32 ($40 payment − $8 regular price). Arizona 140 tax form Membership fees or dues. Arizona 140 tax form   You may be able to deduct membership fees or dues you pay to a qualified organization. Arizona 140 tax form However, you can deduct only the amount that is more than the value of the benefits you receive. Arizona 140 tax form   You cannot deduct dues, fees, or assessments paid to country clubs and other social organizations. Arizona 140 tax form They are not qualified organizations. Arizona 140 tax form Certain membership benefits can be disregarded. Arizona 140 tax form   Both you and the organization can disregard the following membership benefits if you get them in return for an annual payment of $75 or less. Arizona 140 tax form Any rights or privileges, other than those discussed under Athletic events , earlier, that you can use frequently while you are a member, such as: Free or discounted admission to the organization's facilities or events, Free or discounted parking, Preferred access to goods or services, and Discounts on the purchase of goods and services. Arizona 140 tax form Admission, while you are a member, to events open only to members of the organization if the organization reasonably projects that the cost per person (excluding any allocated overhead) is not more than $10. Arizona 140 tax form 20. Arizona 140 tax form Token items. Arizona 140 tax form   You do not have to reduce your contribution by the value of any benefit you receive if both of the following are true. Arizona 140 tax form You receive only a small item or other benefit of token value. Arizona 140 tax form The qualified organization correctly determines that the value of the item or benefit you received is not substantial and informs you that you can deduct your payment in full. Arizona 140 tax form The organization determines whether the value of an item or benefit is substantial by using Revenue Procedures 90-12 and 92-49 and the inflation adjustment in Revenue Procedure 2012–41. Arizona 140 tax form Written statement. Arizona 140 tax form   A qualified organization must give you a written statement if you make a payment of more than $75 that is partly a contribution and partly for goods or services. Arizona 140 tax form The statement must say you can deduct only the amount of your payment that is more than the value of the goods or services you received. Arizona 140 tax form It must also give you a good faith estimate of the value of those goods or services. Arizona 140 tax form   The organization can give you the statement either when it solicits or when it receives the payment from you. Arizona 140 tax form Exception. Arizona 140 tax form   An organization will not have to give you this statement if one of the following is true. Arizona 140 tax form The organization is: A governmental organization described in (5) under Types of Qualified Organizations , earlier, or An organization formed only for religious purposes, and the only benefit you receive is an intangible religious benefit (such as admission to a religious ceremony) that generally is not sold in commercial transactions outside the donative context. Arizona 140 tax form You receive only items whose value is not substantial as described under Token items , earlier. Arizona 140 tax form You receive only membership benefits that can be disregarded, as described under Membership fees or dues , earlier. Arizona 140 tax form Expenses Paid for Student Living With You You may be able to deduct some expenses of having a student live with you. Arizona 140 tax form You can deduct qualifying expenses for a foreign or American student who: Lives in your home under a written agreement between you and a qualified organization (defined later) as part of a program of the organization to provide educational opportunities for the student, Is not your relative (defined later) or dependent (also defined later), and Is a full-time student in the twelfth or any lower grade at a school in the United States. Arizona 140 tax form You can deduct up to $50 a month for each full calendar month the student lives with you. Arizona 140 tax form Any month when conditions (1) through (3) above are met for 15 or more days counts as a full month. Arizona 140 tax form Qualified organization. Arizona 140 tax form   For these purposes, a qualified organization can be any of the organizations described earlier under Types of Qualified Organizations , except those in (4) and (5). Arizona 140 tax form For example, if you are providing a home for a student as part of a state or local government program, you cannot deduct your expenses as charitable contributions. Arizona 140 tax form But see Foster parents under Out-of-Pocket Expenses in Giving Services, later, if you provide the home as a foster parent. Arizona 140 tax form Relative. Arizona 140 tax form   The term “relative” means any of the following persons. Arizona 140 tax form Your child, stepchild, foster child, or a descendant of any of them (for example, your grandchild). Arizona 140 tax form A legally adopted child is considered your child. Arizona 140 tax form Your brother, sister, half brother, half sister, stepbrother, or stepsister. Arizona 140 tax form Your father, mother, grandparent, or other direct ancestor. Arizona 140 tax form Your stepfather or stepmother. Arizona 140 tax form A son or daughter of your brother or sister. Arizona 140 tax form A brother or sister of your father or mother. Arizona 140 tax form Your son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law. Arizona 140 tax form Dependent. Arizona 140 tax form   For this purpose, the term “dependent” means: A person you can claim as a dependent, or A person you could have claimed as a dependent except that: He or she received gross income of $3,900 or more, He or she filed a joint return, or You, or your spouse if filing jointly, could be claimed as a dependent on someone else's 2013 return. Arizona 140 tax form    Foreign students brought to this country under a qualified international education exchange program and placed in American homes for a temporary period generally are not U. Arizona 140 tax form S. Arizona 140 tax form residents and cannot be claimed as dependents. Arizona 140 tax form Qualifying expenses. Arizona 140 tax form   You may be able to deduct the cost of books, tuition, food, clothing, transportation, medical and dental care, entertainment, and other amounts you actually spend for the well-being of the student. Arizona 140 tax form Expenses that do not qualify. Arizona 140 tax form   You cannot deduct depreciation on your home, the fair market value of lodging, and similar items not considered amounts actually spent by you. Arizona 140 tax form Nor can you deduct general household expenses, such as taxes, insurance, and repairs. Arizona 140 tax form Reimbursed expenses. Arizona 140 tax form   In most cases, you cannot claim a charitable contribution deduction if you are compensated or reimbursed for any part of the costs of having a student live with you. Arizona 140 tax form However, you may be able to claim a charitable contribution deduction for the unreimbursed portion of your expenses if you are reimbursed only for an extraordinary or one-time item, such as a hospital bill or vacation trip, you paid in advance at the request of the student's parents or the sponsoring organization. Arizona 140 tax form Mutual exchange program. Arizona 140 tax form   You cannot deduct the costs of a foreign student living in your home under a mutual exchange program through which your child will live with a family in a foreign country. Arizona 140 tax form Reporting expenses. Arizona 140 tax form   For a list of what you must file with your return if you deduct expenses for a student living with you, see Reporting expenses for student living with you under How To Report, later. Arizona 140 tax form Out-of-Pocket Expenses in Giving Services Table 2. Arizona 140 tax form Volunteers' Questions and Answers If you volunteer for a qualified organization, the following questions and answers may apply to you. Arizona 140 tax form All of the rules explained in this publication also apply. Arizona 140 tax form See, in particular, Out-of-Pocket Expenses in Giving Services . Arizona 140 tax form Question Answer I volunteer 6 hours a week in the office of a qualified organization. Arizona 140 tax form The receptionist is paid $10 an hour for the same work. Arizona 140 tax form Can I deduct $60 a week for my time? No, you cannot deduct the value of your time or services. Arizona 140 tax form  The office is 30 miles from my home. Arizona 140 tax form Can I deduct any of my car expenses for these trips? Yes, you can deduct the costs of gas and oil that are directly related to getting to and from the place where you volunteer. Arizona 140 tax form If you do not want to figure your actual costs, you can deduct 14 cents for each mile. Arizona 140 tax form I volunteer as a Red Cross nurse's aide at a hospital. Arizona 140 tax form Can I deduct the cost of the uniforms I must wear? Yes, you can deduct the cost of buying and cleaning your uniforms if the hospital is a qualified organization, the uniforms are not suitable for everyday use, and you must wear them when volunteering. Arizona 140 tax form I pay a babysitter to watch my children while I volunteer for a qualified organization. Arizona 140 tax form Can I deduct these costs? No, you cannot deduct payments for childcare expenses as a charitable contribution, even if you would be unable to volunteer without childcare. Arizona 140 tax form (If you have childcare expenses so you can work for pay, see Publication 503, Child and Dependent Care Expenses. Arizona 140 tax form ) Although you cannot deduct the value of your services given to a qualified organization, you may be able to deduct some amounts you pay in giving services to a qualified organization. Arizona 140 tax form The amounts must be: Unreimbursed, Directly connected with the services, Expenses you had only because of the services you gave, and Not personal, living, or family expenses. Arizona 140 tax form Table 2 contains questions and answers that apply to some individuals who volunteer their services. Arizona 140 tax form Underprivileged youths selected by charity. Arizona 140 tax form   You can deduct reasonable unreimbursed out-of-pocket expenses you pay to allow underprivileged youths to attend athletic events, movies, or dinners. Arizona 140 tax form The youths must be selected by a charitable organization whose goal is to reduce juvenile delinquency. Arizona 140 tax form Your own similar expenses in accompanying the youths are not deductible. Arizona 140 tax form Conventions. Arizona 140 tax form   If a qualified organization selects you to attend a convention as its representative, you can deduct your unreimbursed expenses for travel, including reasonable amounts for meals and lodging, while away from home overnight for the convention. Arizona 140 tax form However, see Travel , later. Arizona 140 tax form   You cannot deduct personal expenses for sightseeing, fishing parties, theater tickets, or nightclubs. Arizona 140 tax form You also cannot deduct travel, meals and lodging, and other expenses for your spouse or children. Arizona 140 tax form   You cannot deduct your travel expenses in attending a church convention if you go only as a member of your church rather than as a chosen representative. Arizona 140 tax form You can, however, deduct unreimbursed expenses that are directly connected with giving services for your church during the convention. Arizona 140 tax form Uniforms. Arizona 140 tax form   You can deduct the cost and upkeep of uniforms that are not suitable for everyday use and that you must wear while performing donated services for a charitable organization. Arizona 140 tax form Foster parents. Arizona 140 tax form   You may be able to deduct as a charitable contribution some of the costs of being a foster parent (foster care provider) if you have no profit motive in providing the foster care and are not, in fact, making a profit. Arizona 140 tax form A qualified organization must select the individuals you take into your home for foster care. Arizona 140 tax form   You can deduct expenses that meet both of the following requirements. Arizona 140 tax form They are unreimbursed out-of-pocket expenses to feed, clothe, and care for the foster child. Arizona 140 tax form They are incurred primarily to benefit the qualified organization. Arizona 140 tax form   Unreimbursed expenses that you cannot deduct as charitable contributions may be considered support provided by you in determining whether you can claim the foster child as a dependent. Arizona 140 tax form For details, see Publication 501, Exemptions, Standard Deduction, and Filing Information. Arizona 140 tax form Example. Arizona 140 tax form You cared for a foster child because you wanted to adopt her, not to benefit the agency that placed her in your home. Arizona 140 tax form Your unreimbursed expenses are not deductible as charitable contributions. Arizona 140 tax form Church deacon. Arizona 140 tax form   You can deduct as a charitable contribution any unreimbursed expenses you have while in a permanent diaconate program established by your church. Arizona 140 tax form These expenses include the cost of vestments, books, and transportation required in order to serve in the program as either a deacon candidate or an ordained deacon. Arizona 140 tax form Car expenses. Arizona 140 tax form   You can deduct as a charitable contribution any unreimbursed out-of-pocket expenses, such as the cost of gas and oil, directly related to the use of your car in giving services to a charitable organization. Arizona 140 tax form You cannot deduct general repair and maintenance expenses, depreciation, registration fees, or the costs of tires or insurance. Arizona 140 tax form   If you do not want to deduct your actual expenses, you can use a standard mileage rate of 14 cents a mile to figure your contribution. Arizona 140 tax form   You can deduct parking fees and tolls whether you use your actual expenses or the standard mileage rate. Arizona 140 tax form   You must keep reliable written records of your car expenses. Arizona 140 tax form For more information, see Car expenses under Records To Keep, later. Arizona 140 tax form Travel. Arizona 140 tax form   Generally, you can claim a charitable contribution deduction for travel expenses necessarily incurred while you are away from home performing services for a charitable organization only if there is no significant element of personal pleasure, recreation, or vacation in the travel. Arizona 140 tax form This applies whether you pay the expenses directly or indirectly. Arizona 140 tax form You are paying the expenses indirectly if you make a payment to the charitable organization and the organization pays for your travel expenses. Arizona 140 tax form   The deduction for travel expenses will not be denied simply because you enjoy providing services to the charitable organization. Arizona 140 tax form Even if you enjoy the trip, you can take a charitable contribution deduction for your travel expenses if you are on duty in a genuine and substantial sense throughout the trip. Arizona 140 tax form However, if you have only nominal duties, or if for significant parts of the trip you do not have any duties, you cannot deduct your travel expenses. Arizona 140 tax form Example 1. Arizona 140 tax form You are a troop leader for a tax-exempt youth group and you take the group on a camping trip. Arizona 140 tax form You are responsible for overseeing the setup of the camp and for providing adult supervision for other activities during the entire trip. Arizona 140 tax form You participate in the activities of the group and enjoy your time with them. Arizona 140 tax form You oversee the breaking of camp and you transport the group home. Arizona 140 tax form You can deduct your travel expenses. Arizona 140 tax form Example 2. Arizona 140 tax form You sail from one island to another and spend 8 hours a day counting whales and other forms of marine life. Arizona 140 tax form The project is sponsored by a charitable organization. Arizona 140 tax form In most circumstances, you cannot deduct your expenses. Arizona 140 tax form Example 3. Arizona 140 tax form You work for several hours each morning on an archeological dig sponsored by a charitable organization. Arizona 140 tax form The rest of the day is free for recreation and sightseeing. Arizona 140 tax form You cannot take a charitable contribution deduction even though you work very hard during those few hours. Arizona 140 tax form Example 4. Arizona 140 tax form You spend the entire day attending a charitable organization's regional meeting as a chosen representative. Arizona 140 tax form In the evening you go to the theater. Arizona 140 tax form You can claim your travel expenses as charitable contributions, but you cannot claim the cost of your evening at the theater. Arizona 140 tax form Daily allowance (per diem). Arizona 140 tax form   If you provide services for a charitable organization and receive a daily allowance to cover reasonable travel expenses, including meals and lodging while away from home overnight, you must include in income any part of the allowance that is more than your deductible travel expenses. Arizona 140 tax form You may be able to deduct any necessary travel expenses that are more than the allowance. Arizona 140 tax form Deductible travel expenses. Arizona 140 tax form   These include: Air, rail, and bus transportation, Out-of-pocket expenses for your car, Taxi fares or other costs of transportation between the airport or station and your hotel, Lodging costs, and The cost of meals. Arizona 140 tax form Because these travel expenses are not business-related, they are not subject to the same limits as business related expenses. Arizona 140 tax form For information on business travel expenses, see Travel in Publication 463, Travel, Entertainment, Gift, and Car Expenses. Arizona 140 tax form Expenses of Whaling Captains You may be able to deduct as a charitable contribution any reasonable and necessary whaling expenses you pay during the year to carry out sanctioned whaling activities. Arizona 140 tax form The deduction is limited to $10,000 a year. Arizona 140 tax form To claim the deduction, you must be recognized by the Alaska Eskimo Whaling Commission as a whaling captain charged with the responsibility of maintaining and carrying out sanctioned whaling activities. Arizona 140 tax form Sanctioned whaling activities are subsistence bowhead whale hunting activities conducted under the management plan of the Alaska Eskimo Whaling Commission. Arizona 140 tax form Whaling expenses include expenses for: Acquiring and maintaining whaling boats, weapons, and gear used in sanctioned whaling activities, Supplying food for the crew and other provisions for carrying out these activities, and Storing and distributing the catch from these activities. Arizona 140 tax form You must keep records showing the time, place, date, amount, and nature of the expenses. Arizona 140 tax form For details, see Revenue Procedure 2006-50, which is on page 944 of Internal Revenue Bulletin 2006-47 at www. Arizona 140 tax form irs. Arizona 140 tax form gov/pub/irs-irbs/irb06-47. Arizona 140 tax form pdf. Arizona 140 tax form Contributions You Cannot Deduct There are some contributions you cannot deduct and others you can deduct only in part. Arizona 140 tax form You cannot deduct as a charitable contribution: A contribution to a specific individual, A contribution to a nonqualified organization, The part of a contribution from which you receive or expect to receive a benefit, The value of your time or services, Your personal expenses, A qualified charitable distribution from an individual retirement arrangement (IRA), Appraisal fees, Certain contributions to donor-advised funds, or Certain contributions of partial interests in property. Arizona 140 tax form Detailed discussions of these items follow. Arizona 140 tax form Contributions to Individuals You cannot deduct contributions to specific individuals, including the following. Arizona 140 tax form Contributions to fraternal societies made for the purpose of paying medical or burial expenses of members. Arizona 140 tax form Contributions to individuals who are needy or worthy. Arizona 140 tax form You cannot deduct these contributions even if you make them to a qualified organization for the benefit of a specific person. Arizona 140 tax form But you can deduct a contribution to a qualified organization that helps needy or worthy individuals if you do not indicate that your contribution is for a specific person. Arizona 140 tax form Example. Arizona 140 tax form You can deduct contributions to a qualified organization for flood relief, hurricane relief, or other disaster relief. Arizona 140 tax form However, you cannot deduct contributions earmarked for relief of a particular individual or family. Arizona 140 tax form Payments to a member of the clergy that can be spent as he or she wishes, such as for personal expenses. Arizona 140 tax form Expenses you paid for another person who provided services to a qualified organization. Arizona 140 tax form Example. Arizona 140 tax form Your son does missionary work. Arizona 140 tax form You pay his expenses. Arizona 140 tax form You cannot claim a deduction for your son's unreimbursed expenses related to his contribution of services. Arizona 140 tax form Payments to a hospital that are for a specific patient's care or for services for a specific patient. Arizona 140 tax form You cannot deduct these payments even if the hospital is operated by a city, state, or other qualified organization. Arizona 140 tax form Contributions to Nonqualified Organizations You cannot deduct contributions to organizations that are not qualified to receive tax-deductible contributions, including the following. Arizona 140 tax form Certain state bar associations if: The bar is not a political subdivision of a state, The bar has private, as well as public, purposes, such as promoting the professional interests of members, and Your contribution is unrestricted and can be used for private purposes. Arizona 140 tax form Chambers of commerce and other business leagues or organizations. Arizona 140 tax form Civic leagues and associations. Arizona 140 tax form Communist organizations. Arizona 140 tax form Country clubs and other social clubs. Arizona 140 tax form Foreign organizations other than certain Canadian, Israeli, or Mexican charitable organizations. Arizona 140 tax form (See Canadian charities , Mexican charities , and Israeli charities under Organizations That Qualify To Receive Deductible Contributions, earlier. Arizona 140 tax form ) Also, you cannot deduct a contribution you made to any qualifying organization if the contribution is earmarked to go to a foreign organization. Arizona 140 tax form However, certain contributions to a qualified organization for use in a program conducted by a foreign charity may be deductible as long as they are not earmarked to go to the foreign charity. Arizona 140 tax form For the contribution to be deductible, the qualified organization must approve the program as furthering its own exempt purposes and must keep control over the use of the contributed funds. Arizona 140 tax form The contribution is also deductible if the foreign charity is only an administrative arm of the qualified organization. Arizona 140 tax form Homeowners' associations. Arizona 140 tax form Labor unions. Arizona 140 tax form But you may be able to deduct union dues as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit, on Schedule A (Form 1040). Arizona 140 tax form See Publication 529, Miscellaneous Deductions. Arizona 140 tax form Political organizations and candidates. Arizona 140 tax form Contributions From Which You Benefit If you receive or expect to receive a financial or economic benefit as a result of making a contribution to a qualified organization, you cannot deduct the part of the contribution that represents the value of the benefit you receive. Arizona 140 tax form See Contributions From Which You Benefit under Contributions You Can Deduct, earlier. Arizona 140 tax form These contributions include the following. Arizona 140 tax form Contributions for lobbying. Arizona 140 tax form This includes amounts you earmark for use in, or in connection with, influencing specific legislation. Arizona 140 tax form Contributions to a retirement home for room, board, maintenance, or admittance. Arizona 140 tax form Also, if the amount of your contribution depends on the type or size of apartment you will occupy, it is not a charitable contribution. Arizona 140 tax form Costs of raffles, bingo, lottery, etc. Arizona 140 tax form You cannot deduct as a charitable contribution amounts you pay to buy raffle or lottery tickets or to play bingo or other games of chance. Arizona 140 tax form For information on how to report gambling winnings and losses, see Deductions Not Subject to the 2% Limit in Publication 529. Arizona 140 tax form Dues to fraternal orders and similar groups. Arizona 140 tax form However, see Membership fees or dues under Contributions From Which You Benefit, earlier. Arizona 140 tax form Tuition, or amounts you pay instead of tuition. Arizona 140 tax form You cannot deduct as a charitable contribution amounts you pay as tuition even if you pay them for children to attend parochial schools or qualifying nonprofit daycare centers. Arizona 140 tax form You also cannot deduct any fixed amount you must pay in addition to, or instead of, tuition to enroll in a private school, even if it is designated as a “donation. Arizona 140 tax form ” Contributions connected with split-dollar insurance arrangements. Arizona 140 tax form You cannot deduct any part of a contribution to a charitable organization if, in connection with the contribution, the organization directly or indirectly pays, has paid, or is expected to pay any premium on any life insurance, annuity, or endowment contract for which you, any member of your family, or any other person chosen by you (other than a qualified charitable organization) is a beneficiary. Arizona 140 tax form Example. Arizona 140 tax form You donate money to a charitable organization. Arizona 140 tax form The charity uses the money to purchase a cash value life insurance policy. Arizona 140 tax form The beneficiaries under the insurance policy include members of your family. Arizona 140 tax form Even though the charity may eventually get some benefit out of the insurance policy, you cannot deduct any part of the donation. Arizona 140 tax form Qualified Charitable Distributions A qualified charitable distribution (QCD) is a distribution made directly by the trustee of your individual retirement arrangement (IRA), other than a SEP or SIMPLE IRA, to certain qualified organizations. Arizona 140 tax form You must have been at least age 70½ when the distribution was made. Arizona 140 tax form Your total QCDs for the year cannot be more than $100,000. Arizona 140 tax form If all the requirements are met, a QCD is nontaxable, but you cannot claim a charitable contribution deduction for a QCD. Arizona 140 tax form See Publication 590, Individual Retirement Arrangements (IRAs), for more information about QCDs. Arizona 140 tax form Value of Time or Services You cannot deduct the value of your time or services, including: Blood donations to the American Red Cross or to blood banks, and The value of income lost while you work as an unpaid volunteer for a qualified organization. Arizona 140 tax form Personal Expenses You cannot deduct personal, living, or family expenses, such as the following items. Arizona 140 tax form The cost of meals you eat while you perform services for a qualified organization, unless it is necessary for you to be away from home overnight while performing the services. Arizona 140 tax form Adoption expenses, including fees paid to an adoption agency and the costs of keeping a child in your home before adoption is final. Arizona 140 tax form However, you may be able to claim a tax credit for these expenses. Arizona 140 tax form Also, you may be able to exclude from your gross income amounts paid or reimbursed by your employer for your adoption expenses. Arizona 140 tax form See Form 8839, Qualified Adoption Expenses, and its instructions, for more information. Arizona 140 tax form You also may be able to claim an exemption for the child. Arizona 140 tax form See Exemptions for Dependents in Publication 501 for more information. Arizona 140 tax form Appraisal Fees You cannot deduct as a charitable contribution any fees you pay to find the fair market value of donated property. Arizona 140 tax form But you can claim them, subject to the 2%-of-adjusted-gross-income limit, as a miscellaneous itemized deduction on Schedule A (Form 1040). Arizona 140 tax form See Deductions Subject to the 2% Limit in Publication 529 for more information. Arizona 140 tax form Contributions to Donor-Advised Funds You cannot deduct a contribution to a donor-advised fund if: The qualified organization that sponsors the fund is a war veterans' organization, a fraternal society, or a nonprofit cemetery company, or You do not have an acknowledgment from that sponsoring organization that it has exclusive legal control over the assets contributed. Arizona 140 tax form There are also other circumstances in which you cannot deduct your contribution to a donor-advised fund. Arizona 140 tax form Generally, a donor-advised fund is a fund or account in which a donor can, because of being a donor, advise the fund how to distribute or invest amounts held in the fund. Arizona 140 tax form For details, see Internal Revenue Code section 170(f)(18). Arizona 140 tax form Partial Interest in Property Generally, you cannot deduct a contribution of less than your entire interest in property. Arizona 140 tax form For details, see Partial Interest in Property under Contributions of Property, later. Arizona 140 tax form Contributions of Property If you contribute property to a qualified organization, the amount of your charitable contribution is generally the fair market value of the property at the time of the contribution. Arizona 140 tax form However, if the property has increased in value, you may have to make some adjustments to the amount of your deduction. Arizona 140 tax form See Giving Property That Has Increased in Value , later. Arizona 140 tax form For information about the records you must keep and the information you must furnish with your return if you donate property, see Records To Keep and How To Report , later. Arizona 140 tax form Contributions Subject to Special Rules Special rules apply if you contribute: Clothing or household items, A car, boat, or airplane, Taxidermy property, Property subject to a debt, A partial interest in property, A fractional interest in tangible personal property, A qualified conservation contribution, A future interest in tangible personal property, Inventory from your business, or A patent or other intellectual property. Arizona 140 tax form These special rules are described next. Arizona 140 tax form Clothing and Household Items You cannot take a deduction for clothing or household items you donate unless the clothing or household items are in good used condition or better. Arizona 140 tax form Exception. Arizona 140 tax form   You can take a deduction for a contribution of an item of clothing or a household item that is not in good used condition or better if you deduct more than $500 for it and include a qualified appraisal of it with your return. Arizona 140 tax form Household items. Arizona 140 tax form   Household items include: Furniture and furnishings, Electronics, Appliances, Linens, and Other similar items. Arizona 140 tax form   Household items do not include: Food, Paintings, antiques, and other objects of art, Jewelry and gems, and Collections. Arizona 140 tax form Fair market value. Arizona 140 tax form   To determine the fair market value of these items, use the rules under Determining Fair Market Value , later. Arizona 140 tax form Cars, Boats, and Airplanes The following rules apply to any donation of a qualified vehicle. Arizona 140 tax form A qualified vehicle is: A car or any motor vehicle manufactured mainly for use on public streets, roads, and highways, A boat, or An airplane. Arizona 140 tax form Deduction more than $500. Arizona 140 tax form   If you donate a qualified vehicle with a claimed fair market value of more than $500, you can deduct the smaller of: The gross proceeds from the sale of the vehicle by the organization, or The vehicle's fair market value on the date of the contribution. Arizona 140 tax form If the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to figure the deductible amount, as described under Giving Property That Has Increased in Value , later. Arizona 140 tax form Form 1098-C. Arizona 140 tax form   You must attach to your return Copy B of the Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, (or other statement containing the same information as Form 1098-C) you received from the organization. Arizona 140 tax form The Form 1098-C (or other statement) will show the gross proceeds from the sale of the vehicle. Arizona 140 tax form   If you e-file your return, you must: Attach Copy B of Form 1098-C to Form 8453, U. Arizona 140 tax form S. Arizona 140 tax form Individual Income Tax Transmittal for an IRS e-file Return, and mail the forms to the IRS, or Include Copy B of Form 1098-C as a pdf attachment if your software program allows it. Arizona 140 tax form   If you do not attach Form 1098-C (or other statement), you cannot deduct your contribution. Arizona 140 tax form    You must get Form 1098-C (or other statement) within 30 days of the sale of the vehicle. Arizona 140 tax form But if exception 1 or 2 (described later) applies, you must get Form 1098-C (or other statement) within 30 days of your donation. Arizona 140 tax form Filing deadline approaching and still no Form 1098-C. Arizona 140 tax form   If the filing deadline is approaching and you still do not have a Form 1098-C, you have two choices. Arizona 140 tax form Request an automatic 6-month extension of time to file your return. Arizona 140 tax form You can get this extension by filing Form 4868, Application for Automatic Extension of Time To File U. Arizona 140 tax form S. Arizona 140 tax form Individual Income Tax Return. Arizona 140 tax form For more information, see the instructions for Form 4868. Arizona 140 tax form File the return on time without claiming the deduction for the qualified vehicle. Arizona 140 tax form After receiving the Form 1098-C, file an amended return, Form 1040X, Amended U. Arizona 140 tax form S. Arizona 140 tax form Individual Income Tax Return, claiming the deduction. Arizona 140 tax form Attach Copy B of Form 1098-C (or other statement) to the amended return. Arizona 140 tax form Exceptions. Arizona 140 tax form   There are two exceptions to the rules just described for deductions of more than $500. Arizona 140 tax form Exception 1—vehicle used or improved by organization. Arizona 140 tax form   If the qualified organization makes a significant intervening use of or material improvement to the vehicle before transferring it, you generally can deduct the vehicle's fair market value at the time of the contribution. Arizona 140 tax form But if the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to get the deductible amount, as described under Giving Property That Has Increased in Value , later. Arizona 140 tax form The Form 1098-C (or other statement) will show whether this exception applies. Arizona 140 tax form    Exception 2—vehicle given or sold to needy individual. Arizona 140 tax form   If the qualified organization will give the vehicle, or sell it for a price well below fair market value, to a needy individual to further the organization's charitable purpose, you generally can deduct the vehicle's fair market value at the time of the contribution. Arizona 140 tax form But if the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to get the deductible amount, as described under Giving Property That Has Increased in Value , later. Arizona 140 tax form The Form 1098-C (or other statement) will show whether this exception applies. Arizona 140 tax form   This exception does not apply if the organization sells the vehicle at auction. Arizona 140 tax form In that case, you cannot deduct the vehicle's fair market value. Arizona 140 tax form Example. Arizona 140 tax form Anita donates a used car to a qualified organization. Arizona 140 tax form She bought it 3 years ago for $9,000. Arizona 140 tax form A used car guide shows the fair market value for this type of car is $6,000. Arizona 140 tax form However, Anita gets a Form 1098-C from the organization showing the car was sold for $2,900. Arizona 140 tax form Neither exception 1 nor exception 2 applies. Arizona 140 tax form If Anita itemizes her deductions, she can deduct $2,900 for her donation. Arizona 140 tax form She must attach Form 1098-C and Form 8283 to her return. Arizona 140 tax form Deduction $500 or less. Arizona 140 tax form   If the qualified organization sells the vehicle for $500 or less and exceptions 1 and 2 do not apply, you can deduct the smaller of: $500, or The vehicle's fair market value on the date of the contribution. Arizona 140 tax form But if the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to get the deductible amount, as described under Giving Property That Has Increased in Value , later. Arizona 140 tax form   If the vehicle's fair market value is at least $250 but not more than $500, you must have a written statement from the qualified organization acknowledging your donation. Arizona 140 tax form The statement must contain the information and meet the tests for an acknowledgment described under Contributions of $250 or More under Records To Keep, later. Arizona 140 tax form Fair market value. Arizona 140 tax form   To determine a vehicle's fair market value, use the rules described under Determining Fair Market Value , later. Arizona 140 tax form Donations of inventory. Arizona 140 tax form   The vehicle donation rules just described do not apply to donations of inventory. Arizona 140 tax form For example, these rules do not apply if you are a car dealer who donates a car you had been holding for sale to customers. Arizona 140 tax form See Inventory , later. Arizona 140 tax form Taxidermy Property If you donate taxidermy property to a qualified organization, your deduction is limited to your basis in the property or its fair market value, whichever is less. Arizona 140 tax form This applies if you prepared, stuffed, or mounted the property or paid or incurred the cost of preparing, stuffing, or mounting the property. Arizona 140 tax form Your basis for this purpose includes only the cost of preparing, stuffing, and mounting the property. Arizona 140 tax form Your basis does not include transportation or travel costs. Arizona 140 tax form It also does not include the direct or indirect costs for hunting or killing an animal, such as equipment costs. Arizona 140 tax form In addition, it does not include the value of your time. Arizona 140 tax form Taxidermy property means any work of art that: Is the reproduction or preservation of an animal, in whole or in part, Is prepared, stuffed, or mounted to recreate one or more characteristics of the animal, and Contains a part of the body of the dead animal. Arizona 140 tax form Property Subject to a Debt If you contribute property subject to a debt (such as a mortgage), you must reduce the fair market value of the property by: Any allowable deduction for interest you paid (or will pay) that is attributable to any period after the contribution, and If the property is a bond, the lesser of: Any allowable deduction for interest you paid (or will pay) to buy or carry the bond that is attributable to any period before the contribution, or The interest, including bond discount, receivable on the bond that is attributable to any period before the contribution, and that is not includible in your income due to your accounting method. Arizona 140 tax form This prevents you from deducting the same amount as both investment interest and a charitable contribution. Arizona 140 tax form If the recipient (or another person) assumes the debt, you must also reduce the fair market value of the property by the amount of the outstanding debt assumed. Arizona 140 tax form The amount of the debt is also treated as an amount realized on the sale or exchange of property for purposes of figuring your taxable gain (if any). Arizona 140 tax form For more information, see Bargain Sales under Giving Property That Has Increased in Value, later. Arizona 140 tax form Partial Interest in Property Generally, you cannot deduct a charitable contribution of less than your entire interest in property. Arizona 140 tax form Right to use property. Arizona 140 tax form   A contribution of the right to use property is a contribution of less than your entire interest in that property and is not deductible. Arizona 140 tax form Example 1. Arizona 140 tax form You own a 10-story office building and donate rent-free use of the top floor to a charitable organization. Arizona 140 tax form Because you still own the building, you have contributed a partial interest in the property and cannot take a deduction for the contribution. Arizona 140 tax form Example 2. Arizona 140 tax form Mandy White owns a vacation home at the beach that she sometimes rents to others. Arizona 140 tax form For a fund-raising auction at her church, she donated the right to use the vacation home for 1 week. Arizona 140 tax form At the auction, the church received and accepted a bid from Lauren Green equal to the fair rental value of the home for 1 week. Arizona 140 tax form Mandy cannot claim a deduction because of the partial interest rule. Arizona 140 tax form Lauren cannot claim a deduction either, because she received a benefit equal to the amount of her payment. Arizona 140 tax form See Contributions From Which You Benefit , earlier. Arizona 140 tax form Exceptions. Arizona 140 tax form   You can deduct a charitable contribution of a partial interest in property only if that interest represents one of the following items. Arizona 140 tax form A remainder interest in your personal home or farm. Arizona 140 tax form A remainder interest is one that passes to a beneficiary after the end of an earlier interest in the property. Arizona 140 tax form Example. Arizona 140 tax form You keep the right to live in your home during your lifetime and give your church a remainder interest that begins upon your death. Arizona 140 tax form You can deduct the value of the remainder interest. Arizona 140 tax form An undivided part of your entire interest. Arizona 140 tax form This must consist of a part of every substantial interest or right you own in the property and must last as long as your interest in the property lasts. Arizona 140 tax form But see Fractional Interest in Tangible Personal Property , later. Arizona 140 tax form Example. Arizona 140 tax form You contribute voting stock to a qualified organization but keep the right to vote the stock. Arizona 140 tax form The right to vote is a substantial right in the stock. Arizona 140 tax form You have not contributed an undivided part of your entire interest and cannot deduct your contribution. Arizona 140 tax form A partial interest that would be deductible if transferred to certain types of trusts. Arizona 140 tax form A qualified conservation contribution (defined later). Arizona 140 tax form For information about how to figure the value of a contribution of a partial interest in property, see Partial Interest in Property Not in Trust in Publication 561. Arizona 140 tax form Fractional Interest in Tangible Personal Property You cannot deduct a charitable contribution of a fractional interest in tangible personal property unless all interests in the property are held immediately before the contribution by: You, or You and the qualifying organization receiving the contribution. Arizona 140 tax form If you make an additional contribution later, the fair market value of that contribution will be determined by using the smaller of: The fair market value of the property at the time of the initial contribution, or The fair market value of the property at the time of the additional contribution. Arizona 140 tax form Tangible personal property is defined later under Future Interest in Tangible Personal Property . Arizona 140 tax form A fractional interest in property is an undivided portion of your entire interest in the property. Arizona 140 tax form Example. Arizona 140 tax form An undivided one-quarter interest in a painting that entitles an art museum to possession of the painting for 3 months of each year is a fractional interest in the property. Arizona 140 tax form Recapture of deduction. Arizona 140 tax form   You must recapture your charitable contribution deduction by including it in your income if both of the following statements are true. Arizona 140 tax form You contributed a fractional interest in tangible personal property after August 17, 2006. Arizona 140 tax form You do not contribute the rest of your interests in the property to the original recipient or, if it no longer exists, another qualified organization on or before the earlier of: The date that is 10 years after the date of the initial contribution, or The date of your death. Arizona 140 tax form   Recapture is also required if the qualified organization has not taken substantial physical possession of the property and used it in a way related to the organization's purpose during the period beginning on the date of the initial contribution and ending on the earlier of: The date that is 10 years after the date of the initial contribution, or The date of your death. Arizona 140 tax form Additional tax. Arizona 140 tax form   If you must recapture your deduction, you must also pay interest and an additional tax equal to 10% of the amount recaptured. Arizona 140 tax form Qualified Conservation Contribution A qualified conservation contribution is a contribution of a qualified real property interest to a qualified organization to be used only for conservation purposes. Arizona 140 tax form Qualified organization. Arizona 140 tax form   For purposes of a qualified conservation contribution, a qualified organization is: A governmental unit, A publicly supported charity, or An organization controlled by, and operated for the exclusive benefit of, a governmental unit or a publicly supported charity. Arizona 140 tax form The organization also must have a commitment to protect the conservation purposes of the donation and must have the resources to enforce the restrictions. Arizona 140 tax form   A publicly supported charity is an organization of the type described in (1) under Types of Qualified Organizations , earlier, that normally receives a substantial part of its support, other than income from its exempt activities, from direct or indirect contributions from the general public or from governmental units. Arizona 140 tax form Qualified real property interest. Arizona 140 tax form   This is any of the following interests in real property. Arizona 140 tax form Your entire interest in real estate other than a mineral interest (subsurface oil, gas, or other minerals, and the right of access to these minerals). Arizona 140 tax form A remainder interest. Arizona 140 tax form A restriction (granted in perpetuity) on the use that may be made of the real property. Arizona 140 tax form Conservation purposes. Arizona 140 tax form   Your contribution must be made only for one of the following conservation purposes. Arizona 140 tax form Preserving land areas for outdoor recreation by, or for the education of, the general public. Arizona 140 tax form Protecting a relatively natural habitat of fish, wildlife, or plants, or a similar ecosystem. Arizona 140 tax form Preserving open space, including farmland and forest land, if it yields a significant public benefit. Arizona 140 tax form The open space must be preserved either for the scenic enjoyment of the general public or under a clearly defined federal, state, or local governmental conservation policy. Arizona 140 tax form Preserving a historically important land area or a certified historic structure. Arizona 140 tax form Building in registered historic district. Arizona 140 tax form   If a building in a registered historic district is a certified historic structure, a contribution of a qualified real property interest that is an easement or other restriction on the exterior of the building is deductible only if it meets all of the following conditions. Arizona 140 tax form The restriction must preserve the entire exterior of the building (including its front, sides, rear, and height) and must prohibit any change to the exterior of the building that is inconsistent with its historical character. Arizona 140 tax form You and the organization receiving the contribution must enter into a written agreement certifying, under penalty of perjury, that the organization: Is a qualified organization with a purpose of environmental protection, land conservation, open space preservation, or historic preservation, and Has the resources to manage and enforce the restriction and a commitment to do so. Arizona 140 tax form You must include with your return: A qualified appraisal, Photographs of the building's entire exterior, and A description of all restrictions on development of the building, such as zoning laws and restrictive covenants. Arizona 140 tax form   If you claimed the rehabilitation credit for the building for any of the 5 years before the year of the contribution, your charitable deduction is reduced. Arizona 140 tax form For more information, see Form 3468, Investment Credit, and Internal Revenue Code section 170(f)(14). Arizona 140 tax form   If you claim a deduction of more than $10,000, your deduction will not be allowed unless you pay a $500 filing fee. Arizona 140 tax form See Form 8283-V, Payment Voucher for Filing Fee Under Section 170(f)(13), and its instructions. Arizona 140 tax form You may be able to deduct the filing fee as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit, on Schedule A (Form 1040). Arizona 140 tax form See Deductions Subject to the 2% Limit in Publication 529 for more information. Arizona 140 tax form More information. Arizona 140 tax form   For information about determining the fair market value of qualified conservation contributions, see Publication 561. Arizona 140 tax form For information about the limits that apply to deductions for this type of contribution, see Limits on Deductions , later. Arizona 140 tax form For more information about qualified conservation contributions, see Regulations section 1. Arizona 140 tax form 170A-14. Arizona 140 tax form Future Interest in Tangible Personal Property You cannot deduct the value of a charitable contribution of a future interest in tangible personal property until all intervening interests in and rights to the actual possession or enjoyment of the property have either expired or been turned over to someone other than yourself, a related person, or a related organization. Arizona 140 tax form But see Fractional Interest in Tangible Personal Property , earlier, and Tangible personal property put to unrelated use , later. Arizona 140 tax form Related persons include your spouse, children, grandchildren, brothers, sisters, and parents. Arizona 140 tax form Related organizations may include a partnership or corporation in which you have an interest, or an estate or trust with which you have a connection. Arizona 140 tax form Tangible personal property. Arizona 140 tax form   This is any property, other than land or buildings, that can be seen or touched. Arizona 140 tax form It includes furniture, books, jewelry, paintings, and cars. Arizona 140 tax form Future interest. Arizona 140 tax form   This is any interest that is to begin at some future time, regardless of whether it is designated as a future interest under state law. Arizona 140 tax form Example. Arizona 140 tax form You own an antique car that you contribute to a museum. Arizona 140 tax form You give up ownership, but retain the right to keep the car in your garage with your personal collection. Arizona 140 tax form Because you keep an interest in the property, you cannot deduct the contribution. Arizona 140 tax form If you turn the car over to the museum in a later year, giving up all rights to its use, possession, and enjoyment, you can take a deduction for the contribution in that later year. Arizona 140 tax form Inventory If you contribute inventory (property you sell in the course of your business), the amount you can deduct is the smaller of its fair market value on the day you contributed it or its basis. Arizona 140 tax form The basis of contributed inventory is any cost incurred for the inventory in an earlier year that you would otherwise include in your opening inventory for the year of the contribution. Arizona 140 tax form You must remove the amount of your charitable contribution deduction from your opening inventory. Arizona 140 tax form It is not part of the cost of goods sold. Arizona 140 tax form If the cost of donated inventory is not included in your opening inventory, the inventory's basis is zero and you cannot claim a charitable contribution deduction. Arizona 140 tax form Treat the inventory's cost as you would ordinarily treat it under your method of accounting. Arizona 140 tax form For example, include the purchase price of inventory bought and donated in the same year in the cost of goods sold for that year. Arizona 140 tax form A special rule applies to certain donations of food inventory. Arizona 140 tax form See Food Inventory, later. Arizona 140 tax form Patents and Other Intellectual Property If you donate intellectual property to a qualified organization, your deduction is limited to the basis of the property or the fair market value of the property, whichever is smaller. Arizona 140 tax form Intellectual property means any of the following: Patents. Arizona 140 tax form Copyrights (other than a copyright described in Internal Revenue Code sections 1221(a)(3) or 1231(b)(1)(C)). Arizona 140 tax form Trademarks. Arizona 140 tax form Trade names. Arizona 140 tax form Trade secrets. Arizona 140 tax form Know-how. Arizona 140 tax form Software (other than software described in Internal Revenue Code section 197(e)(3)(A)(i)). Arizona 140 tax form Other similar property or applications or registrations of such property. Arizona 140 tax form Additional deduction based on income. Arizona 140 tax form   You may be able to claim additional charitable contribution deductions in the year of the contribution and years following, based on the income, if any, from the donated property. Arizona 140 tax form   The following table shows the percentage of income from the property that you can deduct for each of your tax years ending on or after the date of the contribution. Arizona 140 tax form In the table, “tax year 1,” for example, means your first tax year ending on or after the date of the contribution. Arizona 140 tax form However, you can take the additional deduction only to the extent the total of the amounts figured using this table is more than the amount of the deduction claimed for the original donation of the property. Arizona 140 tax form   After the legal life of the intellectual property ends, or after the 10th anniversary of the donation, whichever is earlier, no additional deduction is allowed. Arizona 140 tax form The additional deductions cannot be taken for intellectual property donated to certain private foundations. Arizona 140 tax form Tax year Deductible percentage 1 100% 2 100% 3 90% 4 80% 5 70% 6 60% 7 50% 8 40% 9 30% 10 20% 11 10% 12 10% Reporting requirements. Arizona 140 tax form   You must inform the organization at the time of the donation that you intend to treat the donation as a contribution subject to the provisions just discussed. Arizona 140 tax form   The organization is required to file an information return showing the income from the property, with a copy to you. Arizona 140 tax form This is done on Form 8899, Notice of Income From Donated Intellectual Property. Arizona 140 tax form Determining Fair Market Value This section discusses general guidelines for determining the fair market value of various types of donated property. Arizona 140 tax form Publication 561 contains a more complete discussion. Arizona 140 tax form Fair market value is the price at which property would change hands between a willing buyer and a willing seller, neither having to buy or sell, and both having reasonable knowledge of all the relevant facts. Arizona 140 tax form Used clothing. Arizona 140 tax form   The fair market value of used clothing and other personal items is usually far less than the price you paid for them. Arizona 140 tax form There are no fixed formulas or methods for finding the value of items of clothing. Arizona 140 tax form   You should claim as the value the price that buyers of used items actually pay in used clothing stores, such as consignment or thrift shops. Arizona 140 tax form      Also see Clothing and Household Items , earlier. Arizona 140 tax form Example. Arizona 140 tax form    Kristin donated a coat to a thrift store operated by her church. Arizona 140 tax form She paid $300 for the coat 3 years ago. Arizona 140 tax form Similar coats in the thrift store sell for $50. Arizona 140 tax form The fair market value of the coat is $50. Arizona 140 tax form Kristin's donation is limited to $50. Arizona 140 tax form Household items. Arizona 140 tax form   The fair market value of used household items, such as furniture, appliances, and linens, is usually much lower than the price paid when new. Arizona 140 tax form These items may have little or no market value because they are in a worn condition, out of style, or no longer useful. Arizona 140 tax form For these reasons, formulas (such as using a percentage of the cost to buy a new replacement item) are not acceptable in determining value. Arizona 140 tax form   You should support your valuation with photographs, canceled checks, receipts from your purchase of the items, or other evidence. Arizona 140 tax form Magazine or newspaper articles and photographs that describe the items and statements by the recipients of the items are also useful. Arizona 140 tax form Do not include any of this evidence with your tax return. Arizona 140 tax form   If the property is valuable because it is old or unique, see the discussion under Paintings, Antiques, and Other Objects of Art in Publication 561. Arizona 140 tax form   Also see Clothing and Household Items , earlier. Arizona 140 tax form Cars, boats, and airplanes. Arizona 140 tax form   If you contribute a car, boat, or airplane to a charitable organization, you must determine its fair market value. Arizona 140 tax form Boats. Arizona 140 tax form   Except for small, inexpensive boats, the valuation of boats should be based on an appraisal by a marine surveyor or appraiser because the physical condition is critical to the value. Arizona 140 tax form Cars. Arizona 140 tax form   Certain commercial firms and trade organizations publish used car pricing guides, commonly called “blue books,” containing complete dealer sale prices or dealer average prices for recent model years. Arizona 140 tax form The guides may be published monthly or seasonally, and for different regions of the country. Arizona 140 tax form These guides also provide estimates for adjusting for unusual equipment, unusual mileage, and physical condition. Arizona 140 tax form The prices are not “official” and these publications are not considered an appraisal of any specific donated property. Arizona 140 tax form But they do provide clues for making an appraisal and suggest relative prices for comparison with current sales and offerings in your area. Arizona 140 tax form   These publications are sometimes available from public libraries, or from the loan officer at a bank, credit union, or finance company. Arizona 140 tax form You can also find used car pricing information on the Internet. Arizona 140 tax form   To find the fair market value of a donated car, use the price listed in a used car guide for a private party sale, not the dealer retail value. Arizona 140 tax form However, the fair market value may be less if the car has engine trouble, body damage, high mileage, or any type of excessive wear. Arizona 140 tax form The fair market value of a donated car is the same as the price listed in a used car guide for a private party sale only if the guide lists a sales price for a car that is the same make, model, and year, sold in the same area, in the same condition, with the same or similar options or accessories, and with the same or similar warranties as the donated car. Arizona 140 tax form Example. Arizona 140 tax form You donate a used car in poor condition to a local high school for use by students studying car repair. Arizona 140 tax form A used car guide shows the dealer retail value for this type of car in poor condition is $1,600. Arizona 140 tax form However, the guide shows the price for a private party sale of the car is only $750. Arizona 140 tax form The fair market value of the car is considered to be $750. Arizona 140 tax form Large quantities. Arizona 140 tax form   If you contribute a large number of the same item, fair market value is the price at which comparable numbers of the item are being sold. Arizona 140 tax form Example. Arizona 140 tax form You purchase 500 bibles for $1,000. Arizona 140 tax form The person who sells them to you says the retail value of these bibles is $3,000. Arizona 140 tax form If you contribute the bibles to a qualified organization, you can claim a deduction only for the price at which similar numbers of the same bible are currently being sold. Arizona 140 tax form Your charitable contribution is $1,000, unless you can show that similar numbers of that bible wer