Date:         Fri, 24 Mar 2000 18:44:44 -0500
Reply-To:     McComas_Glenn <mccomas@SHORE.INTERCOM.NET>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         McComas_Glenn <mccomas@SHORE.INTERCOM.NET>
Subject:      Oh no I think this is the end ....
Comments: To: justin@KRASS.COM

Don't shoot yourself, Justin --

Take a look at the tax regulations for gifts-in-kind to charitable
organizations.

In the US [where I live] you can give a vehicle to a charity and our
Infernal Revenue will allow you to take a tax deduction for its fair
market value.  When you figure state as well as federal tax savings,
it amounts up......  and beats the hell out of parting-out something
sitting in your driveway to irritate wife, neighbours, et alii for
months.

If I were in your shoes, I would add up my 'investment' in the vehicle
to arrive at its fair market value, and use this to defend an audit if
that came to pass.  If you are having a pretty good year, incomewise,
the tax savings can be considerable.

Of course your picture may differ.  Where are you
located?  Have you got access to a good accountant?

Hope this helps

Glenn McComas
Queenstown, Maryland, USA