Donate for a cause

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Original Message:

Re: Donate for a cause (by Don P.):

The IRS will not allow a deduction based on an appraisal. That went out the window years ago. The person filing their taxes must prove the value of what the item sold for not what it was appraised for. If that were the case everyone would pay for a phony appraisal and take a huge deduction. Like Jayjay stated they will come after you years down the road demanding interest and penalties. I would not be able to sleep at night knowing I took a huge deduction that could come back to haunt me.

I liked your answer about looking into the tax code but I definitely feel you are way overstating the appraisal scam. This scam is used by phony charity companies asking for large upfront fees. People should just be happy to unload an unwanted timeshare without risking an IRS audit and their financial future.