Hey, it is a report of erroneous Noncash Charity deductions – this has been happening since the beginning of time. First autos, now other assets. See the article by Michael Cohn for more details:
http://www.accountingtoday.com/news/Taxpayers-Reported-Erroneous-Noncash-Charitable-Contributions-65353-1.html?ET=webcpa:e6585:204199a:&st=email
Remember you have to show proof of the contribution by a receipt from the charity then a calculation of fair market value of each item donated (pictures of large donations is a good idea too). You need an appraisal attached to the return and the bottom of form 8283 signed by the charity and the appraiser if the donation is over $5000. Call or email me if you have more questions.
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email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com 