Irs Donation Value Guide spreadsheet Form

Irs Donation Value Guide 2024 spreadsheet Form: What You Should Know

The value guide worksheet can be used to obtain a value of donated material/property, such as; — Clothes donated — Books donated — Furniture donated — Home Improvements Donation — Tools donated — Computer donated — TV's & Computer donated — Computer/TV / Furniture donated Determining the Value of Gifts of Goodwill Gifts and Gifts in Kind See below article by Dr. William C. Gee, Associate Dean, College of Business and Government, Texas State University, titled “A Method for Valuing Goodwill Property,” which was published in  Management Science Vol. 64 No.2, Spring 1985, pp. 464-467 (PDF file) (PDF document). This article describes the value of a product/item, donated to a charity, based upon the values of the various components: the manufacturer, supplier, manufacturer's agent, distributors, and suppliers are valued first and then the product, that is a product of the manufacturer, supplier, distributor, and/or manufacturer's agent is valued. The article is very well researched and presents many helpful guidelines in using the value of various goods and services. However, there are some important tips regarding the calculation of the value of items that were donated: “The most common source of error in using the goodwill estimate comes, not from the donor directly, but from factors such as the length of time that has gone by since the donation or the number of occasions the good will be in the same place several days apart. The longer the time that has passed by, the greater the risk of a measurement error in the price, because the value of the good is lessening over time. This is especially serious for the last category of donated items in which it pays to be sure that the goods arrive in adequate condition before placing a value on them. This last category is those items that are in such relatively good condition that even in a relatively small place such as the Salvation Army furnishings will be well-preserved and not need to be put through the painstaking process of being stored before their value is assessed.” — Dr. William C. Gee, Associate Dean, College of Business and Government, Texas State University, Valuing Goodwill and Donations and The Value of Goodwill Items in the Business Environment by Dr. C.C. Deal, (Request Dissertations and Seminars Series. 2013).

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