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New in 2014 IRS Reporting Requirement

Since January 1^st, 2014 the Internal Revenue Service has required that the odometer mileage reading be recorded for all donations of motor vehicles.  For motor vehicles that are donated directly to a ÑÇÖÞÎÞÂë college or university, please provide the odometer mileage reading on the contemporaneous written acknowledgement/donation letter provided to the motor vehicle donor and keep a record of the odometer mileage reading for entry into the ISRS screen SR0003UG, Auto/Boat Donations Form 1098- C.   A field for the odometer mileage reading was been added to ISRS screen SR0003UG, Auto/Boat Donations Form 1098- C in 2014.  

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Auto/Boat Donation ISRS entry screen SR0003UG

Motor vehicle, boat and airplane donations that your college/university receives are to be entered on ISRS screen SR0003UG, Auto/Boat Donations Form 1098-C.  This donation data will be compiled during our end of the year tax reporting process and reported to the Internal Revenue Service.

Through out the calendar year, motor vehicle, boat and airplane donations that you receive must be entered into the SR0003UG screen.

You must have AC_13H (Tax Reporting Auto/Boat Donation) to access SR0003UG. AC_13H is a new security group.

NOTE: This web page only pertains to colleges/universities who accept auto and boat donations.  The SR0003UG screen is not for donations to foundations.

• Tips for Reporting (Form 1098-C)
• General Guidance
• IRS Guidance
• Tennessen Warning Notice
• Use or Improvement
• Frequently Asked Questions