What is Form 8282?
Form 8282, also known as the Donee Information Return, is an IRS form that organizations must complete when they receive and later sell or dispose of donated property. This form serves to report the sale or disposal of that property to both the IRS and the original donor. It is essential for organizations to provide accurate details regarding the property, the original donor, and the donation date. Not filing this form can lead to penalties, making it vital for organizations dealing with significant donations to meet these reporting obligations.
What is Form 8282 used for?
Form 8282 is an important document for charities and organizations that receive donated property. Its main purposes include:
- Tracking Donated Property: Reports the sale or disposal of donated items within three years.
- Ensuring Accurate Tax Deductions: Helps confirm that donors claim the correct deductions.
- Promoting Transparency and Accountability: Encourages clear reporting in the non-profit sector.
- Combating Fraud: Aids in identifying and preventing possible tax fraud.
How to fill out Form 8282?
- 1
Enter the original donor's name (Line 1a), identifying number (Line 1b), and last known address (Lines 1c and 1d).
- 2
Complete lines 2a-2d in Part I if the property was given to another charitable organization.
- 3
Provide information on previous donees in Part II if applicable.
- 4
Detail the donated property in Part III, including its description and value.
- 5
Sign the certification section as an officer of the organization, noting their title and date. Check official sources for the latest signature requirements.
- 6
Attach Form 8283, signed by the donor, within 125 days of disposition.
Who is required to fill out Form 8282?
The groups responsible for completing Form 8282 are the original donee and successor donees. The original donee, the initial charitable organization receiving the donation, must fill out Parts I and III, while successor donees must complete Parts I, II, and III if they receive the property within three years.
After the form is completed, it is used by these organizations to report the sale or disposition of donated property to the IRS and donors, ensuring compliance with IRS regulations on non-cash charitable contributions.
When is Form 8282 not required?
You don’t need to file Form 8282 if the donated items are valued at $500 or less. Also, if the items are consumed or distributed for charitable purposes without any payment, skip the form. Publicly traded securities typically fall under this exemption as well. Always confirm your specific situation to ensure compliance with tax regulations.
When is Form 8282 due?
The deadline for Form 8282, Donee Information Return, is 125 days after the date you dispose of the charitable deduction property. This applies unless you meet exceptions, such as items valued at $500 or less, or items that are consumed or distributed for charitable purposes. Remember to send the form to the IRS and provide a copy to the donor.
How to get a blank Form 8282?
Our platform has a blank version of this form ready for you to fill out and download. Please note that PDF Guru aids in filling and downloading but not filing forms.
The IRS issues Form 8282.
How to sign Form 8282?
Form 8282 does not need to be signed handwritten. The IRS allows electronic signatures for this form. According to the updated Internal Revenue Manual (IRM), Form 8282 is one of the forms that can be signed electronically.
Where to file Form 8282?
To submit Form 8282, mail it to the Department of Treasury, Internal Revenue Service Center, Ogden, UT. There’s no online filing available.
Ensure the original donee and successor donees include a copy of Form 8283 and related documentation within 125 days of disposition.
