Transitional Procedures for Type III Supporting Organizations Failing Responsiveness Test

The IRS has issued transitional relief and filing procedures for certain charitable trusts that fail the responsiveness test for Type III supporting organizations. The procedures are intended for charitable trusts that received a determination recognizing their tax-exempt status under section 501(c)(3) and that met the requirements of section 509(a)(3) until August 17, 2007, and non-exempt charitable trusts described in section 4947(a)(1), that are treated for certain purposes as organizations described in section 501(c)(3), and that met the requirements of section 509(a)(3) until August 17, 2007. More information.

Standard Mileage Rates for 2008

The IRS has announced optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The rate for miles driven in service to charitable organizations remains unchanged from the 2007 rate of 14 cents per mile.
(1) Business 50.5 cents per mile
(2) Charitable contribution 14 cents per mile
(3) Medical and moving 19 cents per mile
For more information