- 3 - Petitioners’ Charitable Gifts On their Federal income tax return for 2001, petitioners deducted on Schedule A, Itemized Deductions, gifts to charity of $15,663. Included in the total was $300 as “gifts by cash or check” and $11,347 as gifts “other than by cash or check”. Petitioners also included with their return four Forms 8283, Noncash Charitable Contributions. Two of the Forms 8283 list donations to the Salvation Army valued at $500 each on five dates, consisting of “Misc. Antiques: Furniture, Toys, Games, Signs, Pottery, China, Glassware, Etc.” A third form lists “Sun Cities Animal Rescue” as the donee also of “Misc. Antiques: Furniture, Toys, Games, Signs, Pottery, China, Glassware, Etc.”, and Goodwill as the donee of “Like New TV & 5 Bags of Fashon [sic] Clothes, Like New Coutch [sic] & 2 Chairs & 5 Boxes Household Goods”. As with the other two forms, the latter lists donations on five dates, three valued at $500, one at $300, and one at $200. The fourth Form 8283 relates to philatelic and numismatic gifts on which the parties have come to agreement. Petitioners’ Casualty or Theft Loss Petitioners also deducted on Schedule A casualty and theft losses of $5,679. Form 4684, Casualties and Thefts, which was included with petitioners’ tax return, described the affected property as a 1991 Chevrolet Silverado Extra Cab pickup truck (truck). Petitioners reported on the form that the truck had aPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011