DeductionTraQ - Charity Tracking Software! Track Charity & Fair Market Value of Donations About Us FAQ Customer Service Membership DeductionTraQ
What are the various membership levels?
How do I upgrade from Standard membership to Premier membership?
What is

Fair Market value

?

How does DeductionTraQTM determines the fair market value?
What is

FMVLookUpCredits

TM ?
How do I buy more

FMVLookUpCredits

TM?
 

What are the various membership levels?

You can find membership information here. (http://www.deductiontraq.net/Membership.aspx).

How do I upgrade from Standard membership to Premier membership?
You can select My Account->My Profile menu and click on "Upgrade to Premier Membership" link. Or, select Membership from the top link and click on "Upgrade to Premier Membership" button.

What is Fair Market value?
According to IRS Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. If you put a restriction on the use of property you donate, the FMV must reflect that restriction.

For details see publication 561 (http://www.irs.gov/pub/irs-pdf/p561.pdf).

How does DeductionTraQTM determines the fair market value?
DeductionTraQ uses eBay market data and other relevant data feeds from leading industry databanks to calculate fair market value. As a user, if you think that the suggested fair market value for the item is too high or too low, you have the power to change the price. By the amount of transactions that is happening in EbayTM, we believe that our uniqe fair market value calculations accurately reflect the IRS Guidelines.

What is FMVLookUpCreditsTM?
Looking the Fair Market value for millions of items require acquiring data licenses from various sources. We can't afford to give you unlimited price lookups. With the paid membership, you get a base amount of FMVLookUpCreditsTM. As you donate more items and in need of more FMVLookUpCreditsTM, you have the option to buy more FMVlookUpCreditsTM.

How do I buy more FMVLookUpCreditsTM?
If you are a premier member, you can buy additional FMVLookUpCreditsTM. As you donate more items and in need of more FMVLookUpCreditsTM, select My Account->My Profile menu and click on "Buy FMVLookUpCreditsTM" link.

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