Form 4461 is an IRS form used to request approval for tax-deductible contributions of conservation easements, qualified conservation contributions, or public properties. Upon completion of the form, accompanied by a written appraisal, description of the conservation purpose, and other documents, the form must be signed by both the donor and the donee as well as a qualified appraiser before it is filed with the IRS.
What is Form 4461-C?
Form 4461 is an IRS form used to request approval to make a tax-deductible contribution of a conservation easement, a qualified conservation contribution, or a property meant for public use. This form must be filed with the IRS in order to determine whether the contribution qualifies as a deduction under Internal Revenue Code Section 170. The form requires additional supporting documents such as an appraisal of the property, an exclusive purpose description, and both donor and donee signatures, as well as a signature from a qualified appraiser. This form must be filed with the IRS within the required timeline for approval.
IRS Form 4461-C – Who Needs to Fill It Out?
Form 4461 needs to be completed and submitted to the IRS by any person or organization that intends to make a tax-deductible contribution of a conservation easement, a qualified conservation contribution, or property for exclusively public uses. The form must be accompanied by a written appraisal of the property, a description of the conservation purpose, and other supporting documents. It also requires signatures from the donor, donee, and a qualified appraiser, and must be filed within the applicable time frame.
Step-by-Step: Form 4461-C Instructions For Filling Out the Document
Filling out Form 4461 is an essential step for any individual or organization wishing to make a tax-deductible contribution of a conservation easement, qualified conservation contribution, or property donation exclusively for public purposes. These contributions are subject to approval by the IRS, so it is imperative that Form 4461 is completed accurately and that all required documents are included before submission. The form must be signed by the donor and donee, as well as a qualified appraiser, and must be filed with the IRS within the applicable time period. Don’t forget to include a written appraisal of the property and description of conservation purpose for the best chance of successful approval!
Below, we present a table that will help you understand how to fill out Form 4461.
| Information Required for Form 4461 | Details |
|---|---|
| Purpose | Make a tax-deductible contribution of a conservation easement, qualified conservation contribution, or property donation exclusively for public purposes |
| Completeness | Complete the form accurately and include all required documents |
| Signatures | Must be signed by the donor, donee, and qualified appraiser |
| Filing Deadline | File with the IRS within the applicable time period |
Do You Need to File Form 4461-C Each Year?
Form 4461 needs to be completed and filed with the IRS within the applicable time period before making a tax-deductible contribution of a conservation easement, a qualified conservation contribution, or a contribution of property for exclusively public purposes. The form must be signed by both the donor and donee before submission, and must be accompanied by a written appraisal of the property, a description of the conservation purpose, and other supporting documents, all of which must be signed by a qualified appraiser. Failure to do so will result in the contribution not being allowable as a deduction under Internal Revenue Code Section 170.
Download the official IRS Form 4461-C PDF
On the official IRS website, you will find a link to download Form 4461-C. However, to make it easier for you, we are providing the link in our article, which comes directly from the official irs.gov website! Click to download: Form 4461-C
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