| Racing Dreamz |
Donate
For those that wish to donate with a
check or money order, please address
and send to:
Racing Dreamz
P.O. Box 783
Mountain City, Tn. 37683
check or money order, please address
and send to:
Racing Dreamz
P.O. Box 783
Mountain City, Tn. 37683
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| Now accepting donated 'sports' vehicles' for our Disabled Veterans Program |
| Racing Dreamz new program Disabled Veterans Program Please help us build our newest program, the Disabled Veterans Program. By donating your 'project'/sports car, you will be helping us helping vets who has that dream of competing in motor sports. Our program hopes to help them gain confidence in themselves, their abilities and further their outlook in life. For your donated vehicle, we can issue you an IRS tax deductible receipt for for the Fair Market Value of the vehicle(you may set FMV). Plus Racing Dreamz will issue a "Statement of Use", indicating, for your tax purposes, that we plan on "using" your donated vehicle in our Programs. Along with the deductible receipt and Statement of Use, an IRS form 1098-C will be issued to you for your tax filings. We will NOT sale your vehicle if it is road worthy and safe. It does not have to be competition "teched", just safe. The three competitions we plan on using the vehicles in are AutoX, RallyX and Hill Climb events. Help us help those who gave their all so that we are safe and free. Here are links to IRS rules and regulations Here is a link to current IRS rules on donations of vehicles: https://www.irs.gov/pub/irs-pdf/p4303.pdf, and https://www.irs.gov/pub/irs-pdf/i8283.pdf. |
