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previous page Previous Page: Publication 561 - Determining the Value of Donated Property - Appraisals
next page Next Page: Publication 561 - Determining the Value of Donated Property - How To Get Tax Help
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taxmap/pubs/p561-003.htm#TXMP15fb663b

Penalty(p11)


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You may be liable for a penalty if you overstate the value or adjusted basis of donated property.
taxmap/pubs/p561-003.htm#TXMP543c7ad5

20% penalty.(p11)


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The penalty is 20% of the underpayment of tax related to the overstatement if:
taxmap/pubs/p561-003.htm#TXMP4b514aa0

40% penalty.(p11)


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The penalty is 40%, rather than 20%, if:
previous pagePrevious Page: Publication 561 - Determining the Value of Donated Property - Appraisals
next pageNext Page: Publication 561 - Determining the Value of Donated Property - How To Get Tax Help
 Use previous pagenext page to find additional occurrences of topic items.Index for this Publication