Form 8282: Donee Information Return

AAA

DEFINITION of 'Form 8282: Donee Information Return'

An IRS tax form used by organizations to report the sale or disposition of donated property to the IRS and to donors. Form 8282 is used by the original and successor organizations that received a piece of property if the property is disposed of within three years of the original donation.


If the property in question is worth less than $500 or if it is disposed of in order to fulfill the purpose of the charitable organization (e.g. school supplies distributed by an education-related charity), then the organization may not have to file Form 8282.

BREAKING DOWN 'Form 8282: Donee Information Return'

The original organization that received the property must provide the successive organization (the one receiving the property) with a copy of Form 8283, which was signed by the donor at the time of the donation to the original organization, as well as a copy of Form 8282 within 15 days of the disposition. The successor organization must provide the original organization with a document outlining the date the transfer of property was received. The original donor must be provided with a copy of Form 8282.


If an organization disposes of a motor vehicle, boat or airplane, it should refer to IRS Publication 526 for more information.

RELATED TERMS
  1. IRS Publication 526

    A document published by the Internal Revenue Service (IRS) that ...
  2. IRS Publication 78

    A document published by the Internal Revenue Service (IRS) that ...
  3. Philanthropy

    Charitable giving to human causes on a large scale. Philanthropy ...
  4. Itemized Deduction

    A deduction from a taxpayer's taxable adjusted gross income that ...
  5. Charitable Donation

    A gift made by an individual or an organization to a nonprofit ...
  6. Disposition

    Getting rid of an asset or security through a direct sale or ...
Related Articles
  1. Taxes

    Deducting Your Donations

    Generosity may be its own reward, but some charitable giving also provides personal tax benefits.
  2. Taxes

    An Overview Of Itemized Deductions

    Not taking the standard deduction this year could save you hundreds of dollars.
  3. Taxes

    Why You Should Itemize Your Tax Deductions

    This strategy of moving your tax deductable payments and donations to the following year could mean hundreds more on your return.
  4. Taxes

    Give To Charity; Slash Your Tax Payment

    Being generous has never been more (financially) rewarding!
  5. Taxes

    10 Most Overlooked Tax Deductions

    The receipts you cram into your wallet could be replaced with cash come tax season.
  6. Professionals

    Advisors: Warn Clients About These Audit Triggers

    There are several factors that may increase the risk of an audit, especially with high-net-worth clients.
  7. Taxes

    Employers: Don't Forget IRS Form 941

    Your obligations as an employer include various employment taxes. Use this form to report them.
  8. Entrepreneurship

    What's the Purpose of IRS Form 1065?

    Business partners need the information on this form to complete their own tax returns. Here are the details.
  9. Taxes

    What's IRS Form 2848 Used For?

    It's a power of attorney tax form and here's what it can, and cannot, do.
  10. Retirement

    How IRS Form 5498 Helps You

    If you have an IRA, you'll be getting this form. Here's the useful information it contains.
RELATED FAQS
  1. Is a Registered Retirement Savings Plan (RRSP) taxable in the U.S.?

    The most popular retirement savings vehicle in Canada is called a Registered Retirement Savings Plan (RRSP), a tax-deferred ... Read Full Answer >>
  2. How and where is revenue recognized from barter transactions?

    Not all transactions of goods or services involve a monetary medium, such as dollars. Sometimes, companies exchange saleable ... Read Full Answer >>
  3. What aids will help me file my own tax return?

    Most of us will shy away from doing our own tax returns, especially if it involves reporting capital gains or losses, education ... Read Full Answer >>
  4. What’s the difference between IRS Forms 1040 and 1040EZ?

    The Internal Revenue Service (IRS) provides taxpayers filing individual tax returns three options: Form 1040ES, Form 104 ... Read Full Answer >>
  5. Can I use IRS Form 1040EZ to file my tax return?

    When you file your annual income tax return with the Internal Revenue Service, there are three forms you may be able to use: ... Read Full Answer >>
  6. When do I need to fill out an IRS Schedule H form?

    If you are a household employer who owes household employment tax, the IRS requires you to fill out Schedule H and include ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Bear Market

    A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment ...
  2. Alligator Spread

    An unprofitable spread that occurs as a result of large commissions charged on the transaction, regardless of favorable market ...
  3. Tiger Cub Economies

    The four Southeast Asian economies of Indonesia, Malaysia, the Philippines and Thailand. Tiger cub economy indicates that ...
  4. Gorilla

    A company that dominates an industry without having a complete monopoly. A gorilla firm has large control of the pricing ...
  5. Elephants

    Slang for large institutions that have the funds to make high volumes trades. Due to the large volumes of stock that elephants ...
  6. Widow's Exemption

    In general terms, a widow's exemption refers to the amount that can be deducted from taxable income by a widow, thereby reducing ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!