Why Choose Action Donation Services to Process Your High Value Vessel or Yacht Donation?
We Do Everything Reasonable to Maximize Your Legal Tax Deduction!
Considering a yacht donation? We are different from our competitors in several significant ways. Whenever it will be financially beneficial for you and your charity, we will refurbish or repair your donated high value vessel – making significant material improvements to your donation. Doing so will usually increase the selling price of your donation and help you to qualify for a larger tax deduction, and usually results in larger proceeds for your charity of choice!
When “significant material improvements” meet the definition of the IRS, the donor can claim a tax deduction for the full survey value of the vessel at the time of the donation.
Action has several different donation programs that can be selected — when mutually agreed upon by Action, the donor and the charity. Some non-profits may wish to use the vessel to further the mission of the charity. When the charity qualifies for such a donation, called by the IRS, “significant intervening use”, the donor can claim the full appraised value of the donation as a tax deduction as soon as the charity takes possession of the vessel.
When the yacht donation qualifies as either a “significant material improvements” or a “significant intervening use” donation – and meets IRS guidelines – then the donor does not have to wait until the vessel sells. He or she can claim the legal tax deduction based on the appraised value of the donated vessel.
We Offer “Partial Cash Payments” for Qualified “High Value” Donations
Action Donation Services® provides this option as an exclusive for donors to our client charities! It is one of the many unique benefits that set us apart from other services. The IRS calls this partial cash payment option a “Bargain Sale,” and it is allowable when properly reported. Your gift can be partly a donation and partly a sale. For qualifying donations—usually higher value yacht donations—we may offer the donor some cash as well as a potential legal tax deduction.
You should, of course, always check with your tax preparer or tax advisor before claiming any property donation as a deduction.
If any of these options are of interest to you, complete and submit our Donation Evaluation Form below — or call us today and speak with one of our courteous professional yacht donation experts to see if your potential donation qualifies.
We Take Care of Everything for You Fast and Hassle Free!
Donating your yacht, or high value vessel is a wonderful alternative to the often lengthy and involved process of trying to sell your no-longer-needed vessel yourself — or selecting a broker and waiting for the vessel to sell. When you use our service, you do not have to worry about such things as waiting for a broker to sell your vessel, low offers, mechanical repairs, liability issues, advertising expenses, dockage, and depreciating value while waiting for the vessel to sell, etc.
When you donate a vessel using Action Donation Services®, we take care of everything! We are meticulous in handling title transfers and other paperwork correctly, assisting you to select the appropriate donation method and providing you with the receipts and documentation required by the IRS for you to claim the maximum possible legal tax deduction.
CALL OUR TOLL-FREE NUMBER TODAY: 866-244-8464
Or Complete Our “No obligation” Online Donation Evaluation Form Below.