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.

INVESTOPEDIA EXPLAINS '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. Disposition

    Getting rid of an asset or security through a direct sale or ...
  6. Charitable Donation

    A gift made by an individual or an organization to a nonprofit ...
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 >>
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. Taxes

    What is Adjusted Gross Income?

    Adjusted gross income (AGI) is a term from the Internal Revenue Code. AGI is used to determine a person’s income taxes due.
  7. Taxes

    What To Do If You Lost Your W-2

    There's no need to panic if you don't have your Form W-2 to file taxes, there are easy ways to gain access to the missing form or file without it.
  8. Taxes

    Made A Mistake On Your Tax Return? Don't Panic

    You can always file an amended return. But the sooner you do it, the better.
  9. Taxes

    Which Is Better? Tax Preparer Or Tax Software

    Every taxpayer – and every year – is different, so here are four factors to help you decide whether a tax pro or software is best for you.
  10. Taxes

    7 Commonly Overlooked Tax Deductions

    Don't pay more taxes than you have to because you've missed taking legitimate tax deductions. Here are just a few you may have overlooked.

You May Also Like

Hot Definitions
  1. Mixed Economic System

    An economic system that features characteristics of both capitalism and socialism.
  2. Net Worth

    The amount by which assets exceed liabilities. Net worth is a concept applicable to individuals and businesses as a key measure ...
  3. Stop-Loss Order

    An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is designed to limit ...
  4. Covered Call

    An options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset ...
  5. Butterfly Spread

    A neutral option strategy combining bull and bear spreads. Butterfly spreads use four option contracts with the same expiration ...
  6. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
Trading Center