Be Careful If You Are Considering IRS Tax Deductible Should You Consider Getting Rid Of Your Timeshare

Some Tax Advice When Considering Trying To Write It Off!

Claiming Timeshare Losses

Can I deduct timeshare fee’s

Excellent Questions & Answers Regarding Timeshare Properties

 

Federal judge halts ‘timeshare donation scheme’ pitched in Kansas City Area!

We have written about this type of scheme many times. Click here for the story. 

For more information that will clarify how the IRS considers these schemes, click here. 

Folks, do your research. Almost all your timeshare answers can be found here.  Just type in what you are looking for in the

“WHAT QUESTIONS DO YOU HAVE ON OUR WEBSITE?”

search box on the left side of this website.

Dept of Justice Investigates; Supposedly Donation Schemes That Timeshare Owners Are Falling For

Warning! As much as a person hates to hear this, some timeshare donation schemes are out and out rip-offs. It makes a person mad that they are caught up with these fraudulent websites, letters and phone calls when it comes to hoping you have found a way to rid yourself of a timeshare property. It boils down to due diligence. With computers in this and age you still must be careful. Most anything you want to know can be found here. We hope this helps concerning donations.  Read this article here.

Click here for more information and the IRS rules and Regulations regarding timeshare donations.

Oct. 10/10/16 Just Out. Another Federal Judge issues a cease and desists order. Click here for this article. 

Tax Scams/Consumer Alerts – IRS.gov

Tax Scams/Consumer Alerts – IRS.gov
https://www.irs.gov/uac/Tax-Scams-Consumer-Alerts
Mar 25, 2016 Tax Refund Scam Artists Posing as Taxpayer Advocacy Panel …. Phone Scam
Warning; Special Edition Tax Tip 2013-13, IRS Warns of Phone …

Phone Scams Continue to be a Serious Threat, Remain on IRS …
https://www.irs.gov/uac/Newsroom/Phone-Scams-Continue-to-be-a-Serious-Threat,-Remain-on-IRS-Dirty-Dozen-List-of-Tax-Scams-for-the-2016-Filing-Season
Feb 2, 2016 The IRS has seen a surge of these phone scams as scam artists threaten … For
more, visit “Tax Scams and Consumer Alerts” on IRS.gov.

The key to getting rid of a vacation timeshare – Yahoo Finance Canada

The key to getting rid of a vacation timeshare – Yahoo Finance Canada
https://ca.finance.yahoo.com/news/the-key-to-getting-rid-of-a-timeshare-152750638.html
8 hours ago While vacation companies tout the benefits of purchasing them, consumers who
want to get rid of their timeshares can go through a …

How to Get Rid of a Vacation Timeshare – Black Enterprise
http://www.blackenterprise.com/money/consumer-affairs/how-to-dump-a-vacation-timeshare-you-dont-want/
Oct 18, 2011 Either way, if you own a timeshare that you want to get rid of, rest assured … The
key is to find out whether you have a deeded timeshare or a …

How to Get Rid of Your Unwanted Timeshare – US News
http://money.usnews.com/money/personal-finance/articles/2015/06/25/how-to-get-rid-of-your-unwanted-timeshare
Jun 25, 2015 But years later, when your life has changed and you no longer want to return to
the same vacation spot, getting rid of that timeshare you …

Get Rid Of Timeshare | Bankrate.com
http://www.bankrate.com/finance/real-estate/get-rid-of-timeshare.aspx
Jun 5, 2014 You have options to get rid of time share. By Liz Weston • Bankrate.com. If you
bought your time share the usual way — on vacation, while your guard was … The
key to success is “depositing” your available time share into the …

The Many Ways to Be Relieved of Your Timeshare Obligations
http://www.mpamag.com/news/the-many-ways-to-be-relieved-of-your-timeshare-obligations-14611.aspx
Apr 24, 2013 While it is true that a timeshare contract is a binding legal document, it is often …
traditional means of cancelling or getting rid of an unwanted timeshare. … transfer
or alternatively impose onerous resort transfer fees making the transfer … From
Key Media, the world’s #1 global mortgage business publisher.

Timeshare Donations And Tax Credits By The IRS

Timeshare Donations And Tax Credits By The IRS

OK, we get it. We understand, as you get older, and your family has vacationed in timeshare units for 10-20 years and now you want to get rid of a timeshare property or properties you can no longer use and your kids don’t want to pay maintenance fee’s. What do you do? You now feel you were conned because your timeshare properties are worth nothing. Well, maybe it’s true. But if you bought a car that is now 10-20 yrs old and thousands of miles on it, do you expect to get much for that? We don’t and neither should you.

My wife and I just sold a 1994 Chry Town & Country with 173,000 miles on it. We only used it a couple of times a year in the last 5 years. It’s 20 years old. We got $1,200 for it and friends told us that it was more likely only worth about $900. We held out for the $1,200 we were asking and we finally got it, after 2-months on Craig’s list.

Well, did the orginial intent of purchasing a timeshare give you the vacations you dreamed of? Do you actually think that the IRS is going to go along with the idea of donating a timeshare to a charity and give you hugh tax deductions. Before you consider that option, do some research by clicking here:

Timesharefun Tax Donations.

We purchased our 3 timeshare vacation properties on the resale market. One was given to us for $1.00 consideration, one high demand week in the Ozarks was purchased for $3,000 and another high demand week we purchased for only $400. All three timeshare weeks are deeded, no points. We purchased these weeks from timeshare owners who had used them for 10 – 20 years and just wanted to get rid of them. These 3 deeded timeshare weeks were initially purchased by the owners for a total of $33,600. We only invested $3,401.

Do your research folks! The IRS will not give you much in charitable deductions.In fact if you donate and try to deduct a high charity amount, you may get audited. Check out timeshare resales here: Tug2.net

Get tax credit when you donate your timeshare with us. 8-10 week process, with a guaranteed deed transfer. Listed with the Better Business Bureau. Call us at…

 

Timeshare Donation and IRS Regulations – WordPress.com
http://timesharedonation.wordpress.com/
A simplified and documented explanation of IRS regulations regarding the donation of your timeshare to a nonprofit organization. … “File Form 8283 with your tax return for the year you first claim a deduction.” (Instructions for …

Time-Share Donations Offer Owners Little Tax Benefits and …
http://www.aarp.org/money/investing/financial-freedom-tour/
Donors are told they can recoup several times that amount ($6,000, according to the website) by claiming the time-share’s market value as a charitable donation on their income tax returns. Not so fast, warns the IRS. … Time-shares donated to DFC sometimes sell for as little as $50, Tarpey admits — a figure DFC reports to the IRS. So DFC may be able to help you … Members can get cash back rewards on purchases with the AARP Credit Card from Chase. Homeowners Insurance.

Donate a Timeshare??
http://theabramsfirm.com/
Donors are told they can recoup several times that amount ($6,000, according to the website) by claiming the time-share’s market value as a charitable donation on their income tax returns. Not so fast, warns the IRS. While time-share owners … It may well be determined that this is not a qualified tax deduction, and if that is your advisement by such Lawyers and IRS Officials, then you will have your answer… the safe, accurate and unbiased way. In the opinion of our …

Holiday Donations and Tax Savings | The TurboTax Blog
http://blog.turbotax.intuit.com/
If you usually get the standard tax deduction, you may be able to increase your tax deductions by donating so you can itemize and get the larger tax deduction. You don’t need to know the difference …. November 15, 2013 at 5:32 am. If you wish to deduct something, find the item in an official IRS publication, then either xerox the page or tear it out and put it with your tax return for future use. … November 14, 2013 at 12:41 pm. I donated a time-share vacation to a charity.

Timeshare Donations And Tax Credits By The IRS

OK, we get it. We understand, as you get older, and your family has vacationed in timeshare units for 10-20 years and now you want to get rid of a timeshare property or properties you can no longer use and your kids don’t want to pay maintenance fee’s. What do you do? You now feel you were conned because your timeshare properties are worth nothing. Well, maybe it’s true. But if you bought a car that is now 10-20 yrs old and thousands of miles on it, do you expect to get much for that? We don’t and neither should you.

My wife and I just sold a 1994 Chry Town & Country with 173,000 miles on it. We only used it a couple of times a year in the last 5 years. It’s 20 years old. We got $1,200 for it and friends told us that it was more likely only worth about $900. We held out for the $1,200 we were asking and we finally got it, after 2-months on Craig’s list.

Well, did the orginial intent of purchasing a timeshare give you the vacations you dreamed of? Do you actually think that the IRS is going to go along with the idea of donating a timeshare to a charity and give you hugh tax deductions. Before you consider that option, do some research by clicking here:

Timesharefun Tax Donations.

We purchased our 3 timeshare vacation properties on the resale market
. One was given to us for $1.00 consideration, one high demand week in the Ozarks was purchased for $3,000 and another high demand week we purchased for only $400. All three timeshare weeks are deeded, no points. We purchased these weeks from timeshare owners who had used them for 10 – 20 years and just wanted to get rid of them. These 3 deeded timeshare weeks were initially purchased by the owners for a total of $33,600. We only invested $3,401.

Do your research folks! The IRS will not give you much in charitable deductions.In fact if you donate and try to deduct a high charity amount, you may get audited. Check out timeshare resales here: Tug2.net

Get tax credit when you donate your timeshare with us. 8-10 week process, with a guaranteed deed transfer. Listed with the Better Business Bureau. Call us at…

[ccw-atrib-link]

IRS And Charitable Donations – What You Need To Know…

IRS And Charitable Donations – What You Need To Know…

Many people, as they get older, are looking to the rules of the IRS and Charitable Donations tax code. This is one area you should be very careful before considering this option.

We are attaching some links that will give you the information you need in considering this option. One thing we do know is you cannot deduct what you think you would like to: Click On The Links Below For More Information

Tax Issues When Donating a Timeshare to Charity | Nolo.com
http://www.nolo.com/legal-encyclopedia/tax-issues-when-donating-timeshare-charity.html
Rules for Appraising Timeshare to be Donated to Charity. If your timeshare is worth more than $5,000, you’ll have to get it appraised, following IRS rules, which  

IRS & Timeshare Donation – Community Health Training, Inc.
http://www.communityhealthtraining.org/TimeshareandIRS.htm
Donate and get rid of your timeshare to a non-profit corporation regardless of condition, Also, timeshares that are NOT deeded fall under contract law and are more and does NOT require a Form 8283 – Noncash Charitable Contributions.

 Income Taxes and Timeshares – Timeshare Users Group free …
http://www.tug2.net/advice/TUG_Taxes_and_Timeshares.htm
May 12, 2011 There is a rule in the tax law that prohibits any business deduction IRS regulations won’t allow a charitable deduction for the gift of a right to 

Publication 526 (2012), Charitable Contributions – Internal Revenue …
http://www.irs.gov/publications/p526/
Internal Revenue Service United States Department of the Treasury. Publication 526 (2012), Charitable Contributions Contributions Subject to Special Rules · Determining Fair Market Value · Giving Property That Has Decreased in Value 

[2006] Donate Week to Charity – Timeshare Users Group Forums
http://www.tugbbs.com/forums/showthread.php%3Ft%3D25839
I want to donate it to a local Charity Auction for Alpha Pregnancy Keep in mind that the tax law prohibits taking a tax deduction for the donation of the use of Your CPA should refer to Internal Revenue Code §170(f)(3) and 

Timeshare Donation Income Tax Benefits – Timeshares Tax Deduction
http://www.timesharedonations.org/donation-tax-benefits.htm
Donate Timeshare to charity receive current maket value tax deduction. The tax law expects you to determine the deductible portion of the expenses based on (An IRS auditor would likely challenge the investment property argument by