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Entertainment

5 Steps to Choosing a Charity to Receive Your Vehicle Donation

Charity

Thousands of vehicles are donated to charity each year. Every day and all over the country, donors like yourself are asking questions about the how, when, to whom and why of the donation process as they prepare their vehicles for donation. The first and most important aspect of donating your vehicle to charity is to select a charity that can truly benefit from your donation. The subsequent five steps can help you choose such a charity.

Research the Charity

Finding charities that accept car donations is the most important task of any vehicle donor. At a minimum, you want to find a charity that meets all of these qualifications: 

  • Confirm that the charity is a tax-exempt organization. The IRS (Internal Revenue Service) recognizes certain organizations as tax-exempt. If you make a qualifying donation to a tax-exempt charitable organization you can receive a tax write-off up to a certain amount during your annual filing.
  • The charity is set up to receive vehicle donations. Not all charities have the process in place to accept vehicle donations.
  • The charity can provide you with the necessary paperwork to claim your tax write-off. They can provide you with the paperwork you will need to claim your tax write-off.

Verify That You Will Receive a Tax Write-Off

If your primary reason for donating your vehicle is to receive a tax write-off during your annual IRS filing, first verify that your vehicle is eligible for a tax credit. Here are the steps to do that. 

  • The title of the vehicle to be donated is in your name. You can only claim a tax write-off if the vehicle title is in your name. If you need to transfer the title into your name, do that before donating.
  • Get a personal assessment of the vehicle’s value and condition. What you need here is an assessment of the “fair market value” of your vehicle before donation. The IRS only allows tax write-offs up to the full fair market value of your vehicle.
  • The charity is recognized by the IRS as tax-exempt. Once again, you cannot take a tax write-off if the organization you donate to is not authorized to accept tax-exempt charitable contributions.

Certify Your Vehicle’s Value

Getting an assessment of vehicle value is a step donors frequently overlook. Some donors assume the charity will provide this information to them. Other donors assume the vehicle value is the same as the Kelley Blue Book value. Still, other donors are unaware this step needs to be done prior to the vehicle donation. You need to personally get an assessment of the fair market value of your vehicle. The fair market value is the value of your car on the market after any necessary repairs or maintenance has been done. The Kelley Blue Book value of your car may represent the full value of your make, model and year of car in prime operating condition, but you must know the fair market value of your vehicle in its current condition.

Get a List of Your Donor Responsibilities

You also need to know what other responsibilities you have as the donor. For instance, it is your responsibility to be sure the charity can provide you with a written acknowledgement of donation value in 30 days of transaction completion. You are also responsible for handing over the vehicle title, removing valuables and delivering the vehicle safely.

Determine How Your Vehicle Will Be Used

Finally, you will to ensure that the vehicle will be useful to the charity. Some charities can maximize the donated vehicle’s value — and others cannot. It’s a good sign if the charity tells you they plan to sell the vehicle and use the proceeds in their mission, donate the vehicle to their constituents or use the vehicle directly in their work. 

When you follow these five steps, you’ll know you have selected a charity that can accept vehicle donations and make good use of them. 

About the Author: Carla Morton is a tax attorney who assists her clients with making donations to various charitable entities. 

Picture Source: http://www.123rf.com/photo_20612343_donate-for-a-charity-or-charitable-cause.html

Entertainment

How can Finance Help you in purchasing an iPhone

The web market always gets on fire with the launch of a new model of iPhone. Though, the iPhone is one of the most expensive phones available in the technology market, yet the hype of this phone never gets down. The dazzle of the iPhone leaves no eyes unturned. The question is: is anything really present in this device worth $200 or $300. As far as possible, it can be figured out that they hype excitement and fresh news which is the major reason for the oomph in the iPhone market. 

It’s not just about a single person. It’s about the general public interest. Can you afford an iPhone? What exciting feature does it hold that you are ready to spend your few hundred dollars out of your pocket? A simple answer is that the iPhone is just a human want and not a need. Thus, you can genuinely afford it if you have purposely saved some money for it. For those people, who don’t have any savings; can go for purchasing an iPhone on finance.

The bank offers finance to you to purchase the iPhone. It has been categorized as an asset; hence banks offer loans to the people to buy an iPhone at a fixed rate of interest. People can purchase it by taking financial aid from the bank and then pay the loan amount along with a defined rate of interest. The bank gives this credit to the people after checking their credit history. Having a good credit history, can easily get you the loan. However, the iPhone is not recommended for those people who are already in debt. 

The Apple Store also offers you with the facility to purchase an iPhone on monthly installments. You can easily purchase an iPhone by giving a specific down payment. The installment includes a small rate of interest. Once you pay the complete loan amount along with the interest, you become the sole owner of this device. Once you choose to purchase the iPhone on the installment method, you need to give your accurate financial standing to the store and bank. You can directly issue postdated checks to the store for future payments 

Thus, these are the few ways through which you can acquire an iPhone on finance. It is the best way to purchase an expensive gadget. You put no strain on your monthly budget and eventually achieve your device too. However, you should not let any excite and hype change your decision and buy something which is beyond your means. IPhone is not a phone which is within the reach of everyone. However, every single person dreams of having it. Only the richest people can afford a single time purchase of this expensive device. For a medium living person, purchasing an iPhone on finance is the sole option. Go for this and purchase it today so as to get one of the best phones in your hands. 

Author Bio: 

This post is by Sachin. He loves to write on insurance, finance, technology, etc. He has also written for many reputed brands. IPhone owners who wish to get their phone insured can go for http://uk.protectyourbubble.com/ip-iphone-insurance.html. One can also check out various other options online but make sure you get your phone insured from a respectful and reputed company so as to have easy and safe insurance for your precious iPhone. 

 

Entertainment

3 Affordable Entertainment Options

One of the most frustrating aspects of getting your finances under control is finding ways to cut expenses. You see, when you make the decision to get out of debt you have to stop using your credit cards and start spending less each month so that you can pay them off. If you have been using your credit cards regularly, this can mean that you will have a lot less spending money each month. Luckily there are many ways to spend less each month. Today I am going to give you a few ideas for reducing the amount that you spend on entertainment and going out.

Consider Shutting off the Cable

Cable and satellite can cost a fortune each month. While having a TV subscription is the best way to get the most current TV shows and hit movies available, there are some less expensive alternatives that might work for you. If you love movies, you might want to trade in your cable service for a subscription to Netflix. They have packages that start at less than $10 a month. Netflix has a great instant streaming option that allows you instant access to an endless supply of movies and past seasons of favorite TV shows. The selection is ever changing, so you won’t ever have to worry about having nothing to watch.

Another option is to make use of the Internet for the latest TV shows. Hulu offers instant streaming of many top TV shows, often the day after the originally air. If you want to watch these shows on the big screen of your TV, you can sign up for their Hulu Plus package. It costs less than $10 per month and provides access to every episode in the current season for many shows, as well as past seasons for selected programs. These options are a great way to get TV without spending hundreds a month.

Go Out During the Day

Consider going out during the day and staying in during the evening. Afternoon matinees at the movies, or even plays, are often quite a bit more affordable than evening showings. Additionally many movie theaters offer an additional discount for the first show of the day. You can save money at restaurants by dining out during the afternoon. Lunch menus are often a couple of dollars an entrée less than the dinner menu, often for the same meal. If there is a movie that you would like to see or if you have a favorite restaurant research to find the most affordable times which will allow you to enjoy your favorite activities without spending as much.

Break Up an Evening Out to Make the Money Go Further

You can also make your entertainment money go further by breaking up activities. For example if you regularly go out for dinner and a movie on Saturday night, consider making dinner at home and heading out for the movie or starting with a nice dinner out and then renting a movie to watch at home. This one simple trick will cut your entertainment bill in half and you will still get to go out just as often.

The best way to ensure that you meet your financial goals is to make logical plans that will help you get there. These ideas will help you get plenty of entertainment while still cutting back.

What ways have you found to save money on going out?

Entertainment

9 Epic Fails Involving Money

There’s funny money and then there’s epic fails involving money. Take a look at these epic fails that in one way or another involve money. Enjoy and laugh.

9. It’s all in the name

epic fail photos - Bank Name FAIL

8. Couldn’t have said it better myself

7. Very possible

epic fail photos - Paranoia FAIL

6. Fo sho

Funny Pictures

5. Wow

4. I think he won something

3. I was not aware

epic fail photos - Common Sense FAIL

2. Of course

1. The truest Fortune ever

epic fail photos - Fortune Cookie Fortune WIN!

Have you ever had a money fail?

 

Entertainment

5 ways money could help you survive a zombie outbreak

So, you’re walking around just hanging out, when all of a sudden someone starts slowly walking towards you. You think to yourself “Man, this person is really ugly.” You should be ashamed for being so superficial. All this person is look at is on your inside……BRAINS!!!

That’s right, there’s a zombie outbreak and all you have is a safe full of millions. What do you do? What do you do?

Here’s 5 ways money can help you survive a zombie outbreak:

Money Talks

What would you do for a million dollars? What would you do for a million dollars during a zombie outbreak? Money still talks when there’s zombies out there. Why? Because everyone wants to be positive and think that the zombie outbreak won’t be forever. What happens when it’s over? Well, you’ll need some money then. So just talk other people into that mindset and they will help you out with food and shelter. Of course put some safeguards in place so they don’t kill you and take the money.

Security force

Know how to shoot a gun? No? Well good thing you have money to hire your own combat ready forces. If you have a lot of money then you can have your own zombie killing force. How cool would that be? You wouldn’t have to worry about zombies attacking you when your swimming or eating. You can have them go scavenge for food and water for you.

Once again, you want to make sure you have some safeguards in place so they don’t mutiny. You have to be more careful with these guys because they are trained to kill.

Fire

Need some heat or light? Then you need a fire. But in order to start a fire you need some kindling. What better than a nice 1 dollar bill? Sure, it’s technically illegal but I’m sure rules can be broken during a zombie outbreak. Just saying.

Bottle Opener

Need a beer after a long, hot day of zombie killing but don’t have a bottle opener? Well, use a dollar bill and then have a drink. It’s pretty easy and it will be a cool trick to know how to do once the zombie outbreak is over.

Barricade

OMG, you’re stuck in a room, what will you do to hold that door shut? Well of course use that stack of 1 million single dollars. That weighs over a ton, so it will surely hold a door shut. You might have a problem doing that, but you can always use your security force to help you.

So if you’re stuck in the middle of a zombie outbreak without millions of dollars then I feel sorry for you. Perhaps you should have been saving instead of spending it all. Oh well, there’s always robbing a bank. Just make sure there’s an actual zombie out break and not a bunch of actors pretending to be zombies. That would be pretty awkward.

How would you use money to survive?