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Imagine this scenario. You contacted one of the many free junkcar pickup companies, the date came and went, the car is no longer your problem and you're relieved. One day, you sit down with a cup of coffee and out of the blue you wonder, what happened to my (fill in the blank with any imaginable valuable you could possibly leave in a car)? Suddenly you remember, it was stuffed in the glove compartment of the old clunker you just had towed. Now what? The first thing to do is contact the junk car towing company to see if the item has been found. Do that as soon as possible. If the junkyard company is able to locate the item, they may ask you personal questions to confirm the item is really yours. Be careful what information you give out over the phone. Never give out your Social Security number, banking information or passwords of any kind. The company might be trustworthy, but the person on the other end of the phone might not be. With any luck, you'll be able to retrieve your valuables with little incident. If you happen to know the name of the person who arrived for the junk car removal, ask to talk to that person.
Did you know that you can claim tax deductions for car donations valued at more than $500? Once you've decided to make the important decision to have your junk car removed and donated to charity, there are a few things you can do to claim a tax deduction. The first thing you're going to need to do is obtain a written acknowledgement signed by the charity. This information should be attached to Form 1098-C, Contributions of Motor Vehicles, Boats and Airplanes. In addition, you'll need to include the gross proceeds of the sale, the vehicle identification number and a statement certifying that the vehicle was sold between unrelated parties.
The IRS offers a valuable website where more information can be obtained about car donations. You can get help with a variety of issues, have questions answered via email and much more. It might sound like a lot of legwork to get your claim submitted, but with some pre-planning and a little organization, it should be hassle-free. If you're unsure of something, always check with your accountant. They're the best experts available and can save you a lot of headaches down the road.
There comes a time when you have to face the facts. Once the warranty runs out and the car starts accumulating miles, repairs are inevitable. How much were your car payments? Once you start paying that much money (or more) in repairs, you might want to think about requesting a junk car pickup. The benefits of junk car removal are vast. Some junk yard towing companies pick up junk cars for free. A quick Internet search will reveal salvage yards willing to do this. Why not just leave the car in a field somewhere to rot? Not a good idea. When you do that, environmentally hazard car fluids eventually seep into the ground, contaminating soil and water supplies. Curious children might decide to use the junked car as a playground, risking injury to themselves and exposure to harmful contaminants. By requesting a free junk car removal, the salvage yard is then responsible for the proper disposal and handling of the vehicle and its parts.
Junkyard towing is the perfect option when your car finally gets past its prime. Chances are good that you won't get a lot of money for it. Factor in the effort it's going to take to try to sell the thing, and it becomes clear that contacting a free junk car pickup company is well worth it.
Guru Spotlight |
George Sayour |