What Is Form 8282: Donee Information Return?

Form 8282: Donee Information Return is an IRS tax form used by donor organizations to report the sale or disposition of charitable deduction property other than money and publicly traded securities to both 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.

Who Can File Form 8282: Donee Information Return?

Form 8282: Donee Information Return must be provided by the original organization that received the property to the successor organization that is now receiving the property. A copy of Form 8283, which was signed by the donor at the time of the donation to the original organization, must also be provided 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, and the original donor must be provided with a copy of Form 8282.

Form 8282: Donee Information Return: If an organization disposes of a motor vehicle, boat, or airplane, it should refer to IRS Publication 526 for more information.

Exceptions to Filing Form 8282

There are two occasions when an organization does not need to file Form 8282. The first occurs when the item being donated has an appraised value of less than $500. However, there is sometimes confusion about how to treat items that constitute a set, and whether they should be treated individually or collectively.

For example, an organization is donating four place settings of fine china with the same pattern. Each individual place setting has an appraised value of $300. So, given that the value of a place setting is below $500, does the donee have to provide a Form 8282 to the successive organization? The answer is yes. As the place settings have the same pattern and are being donated to the same recipient, they are considered a set, or one item with an appraised value of $1,200. Similarly, all shares of non-publicly traded stock are considered to be one item.

The second exception to filing a Form 8282 is if the donated items are disposed of or distributed in fulfilling an organization’s purpose as a tax-exempt entity. Examples include school supplies distributed by an education-related charity or medical supplies provided by a tax-exempt relief organization for disaster victims.

Penalty for Failing to File Form 8282

A donor organization is subject to a penalty if it neglects to file Form 8282 within 15 days of a donation, if it fails to include all necessary information on the filed form, or if the information provided on the form is inaccurate. According to current IRS guidelines, the penalty in these instances is generally $50 per form. Any donor organization that fraudulently identifies the exempt use of tangible personal property that was sold, exchanged, or otherwise disposed of is subject to a $10,000 fine.

How to File Form 8282: Donee Information Return

Send Form 8282 to the Department of Treasury, Internal Revenue Service Center, Ogden, UT 84201-0027.

Download Form 8282: Donee Information Return

Here is a link to a downloadable Form 8282.

Key Takeaways

  • Original and successor organizations that received a piece of property use Form 8282 if the property is disposed of within three years of the original donation.
  • A donor organization is subject to a penalty if it neglects to file Form 8282 within 15 days of a donation, if it fails to include all necessary information on the filed form, or if the information provided on the form is inaccurate.
  • There are two occasions when an organization does not need to file Form 8282.