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. Bargain Sale To A Charitable Organization

    The sale of a good or service to a charitable organization for ...
  2. IRS Publication 561: Determining ...

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

    A gift made by an individual or an organization to a nonprofit ...
  4. Form 4797

    A tax form distributed by the Internal Revenue Service (IRS) ...
  5. Donor Advised Fund

    A private fund administered by a third party and created for ...
  6. Nonprofit Organization

    A business entity that is granted tax-exempt status by the Internal ...
Related Articles
  1. Taxes

    What IRS Form 990 Tells About a Nonprofit

    Want a picture of an organization's activities? This annual form, open to the public, sums up everything from salaries paid to missions accomplished.
  2. Taxes

    What IRS Form 1023 Is Used For

    To be treated as a tax-exempt organization, start by filling out this form.
  3. Financial Advisor

    How to Grow Your Business with Donation Strategies

    Advisors who offer clients expertise in how to charitably donate will likely build a stronger practice and capture more business. Here's why.
  4. Taxes

    5 Steps To Forming A Tax-Exempt Nonprofit Corporation

    Before you tackle this challenge, know the challenges of forming and operating an official nonprofit organization.
  5. Taxes

    Deducting Your Donations

    Generosity may be its own reward, but some charitable giving also provides personal tax benefits.
  6. Financial Advisor

    Top Tips for Maximizing Charitable Deductions

    Charitable donations can be a great financial planning tool. Here are some ways to make the most of them.
  7. Managing Wealth

    7 Signs Of A Charitable Disaster Scam

    Make sure you know where your donations are going, and where they can be most effective.
  8. Managing Wealth

    Most Effective Charitable Organizations

    We look at some of the world's top charities and see how much of their donation money actually goes towards fulfilling their missions.
  9. Taxes

    How Does a Tax-Free Exchange Work?

    In regards to the sale of property, particularly in real estate, a 1031 exchange is increasingly being recognized for its tax benefits to investors of all levels.
  10. Insurance

    Using Life Insurance To Make Charitable Donations

    Your life insurance policy can be a great tool for charitable giving. Find out how.
RELATED FAQS
  1. Can I donate stock to charity?

    Giving stock, instead of cash, as a donation can greatly benefit both parties. You will find that most charities, hospitals, ... Read Answer >>
  2. Are donations escheatable?

    Learn about the escheatment process and what happens to abandoned and unclaimed property. Understand whether donations can ... Read Answer >>
  3. What do states do with unclaimed property?

    Understand what unclaimed property is and what types of property can be considered abandoned or unclaimed. Learn what states ... Read Answer >>
Hot Definitions
  1. Federal Direct Loan Program

    A program that provides low-interest loans to postsecondary students and their parents. The William D. Ford Federal Direct ...
  2. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  3. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  4. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  5. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  6. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
Trading Center