Know what you can deduct

The U.S. Treasury Department and the Internal Revenue Service (IRS) have issued a notice advising taxpayers that the IRS intends to disallow improper charitable contribution deductions for the transfers of easements on real property to charitable organizations. In addition, the IRS has issued two new publications to help taxpayers avoid pitfalls when they donate automobiles to charities: “A Charity’s Guide to Donations” and “A Donor’s Guide to Car Donations.”