Common Payers Who File Form 1098-C?
A donee organization must file a separate Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes,
with the IRS for each contribution of a qualified vehicle that has a claimed value of more than $500.
There are three copies of the forms the first copy goes to the IRS; the second copy goes to the Donor and the
third copy goes to the Donor’s Records. The donor will be provided with Copies B and C of Form 1098-C
or the filer’s acknowledgment that contains the required information. If the filer does not attach
Form 1098-C (or another statement), the contribution will not be deducted.
Tax2efile is equipped to help you handle numerous filing requirements and we will be happy to help you do
your filing. We also offer printing and mailing services to complete the process for you.
- A domestic bank, trust company, building and loan association, or savings and loan association
- A credit union
- A federal government agency (including: a department, an agency, a court or court administrative office,
or an instrumentality in the judicial or legislative branch of the government)
- Subunits of Federal Deposit Insurance Corporation, National Credit Union Administration, any other
federal executive agency, including government corporations, any military department, U.S. Postal
Service and Postal Rate Commission.
- Any organization whose significant trade (or business) is lending of money, such as a finance
company or credit card company (whether affiliated with a financial institution).
- A corporation that is a subsidiary of a financial institution or credit union, but only if, because of
their affiliation, they are subject to supervision and examination by a federal or state regulatory
Note: If in the same calendar year, you cancel a debt of $600 or more in
connection with a foreclosure or abandonment of secured property, it is not necessary to file both Form 1099-A , Acquisition or Abandonment of Secured Property, and Form 1099-C
for the same debtor.
Qualifications to File Form 1098-C?
A donee organization must file a separate Form 1098-C (Contributions of Motor Vehicles) with the IRS for each
contribution of a qualified vehicle that has a claimed value of more than $600, generally, the maximum
deduction the filer can take is the smaller of the amount that the charity sold the vehicle for or the car's
value on the day they donate it. However, the organization may file a separate Form 1098-C for each
For more information on Form 1098-C, please visit IRS.