The Barrett M107 semi- automatic Long Range Sniper Rifle or ‘Light Fifty’ was designated one of the top military inventions by the U.S. Army in 2005. Why? Well, for a start it has a maximum effective range of 2000 yards, while its absolute maximum range is 4,400 yards. Its 50 caliber rounds can travel enormous distances if the rifle is fired like an artillery piece. Its users have to be very careful indeed and take safety precautions. The rifle weighs 32.5 pounds and is 55.5 inches long. The magazine can hold 11 rounds which weigh 4.5 pounds.
The Barrett has a large muzzle brake and this, together with the rifle’s overall heaviness, assists in reducing recoil. The rifle barrel itself helps too, as it absorbs force when the weapon is fired. The barrel moves inward toward the receiver, against large springs.
The Barrett M107 is a development of the M82A1 rifle. New features were added to create the new rifle, like a lengthened accessory rail, a monopod (one footed) socket and a rear grip. The M82A1 was designed by Ronnie Barrett and developed by the American Barrett Firearms Manufacturing Company. It is used by U.S troops and by thirty other military forces in the world, including those of the United Kingdom, Germany, France, Italy, China, Israel, Malaysia, Thailand and Turkey.
The first working rifles were ready for use in 2002 and have been used in a number of recent conflicts – the Invasion of Iraq, the Afghanistan War, the Persian Gulf War, the Yemeni Civil War, the war in the Ukraine, Operation Protective Edge, the Mexican Drug Wars, and others.
A charity that uses a donated vehicle for transportation or hauling goods obviously benefits directly from such a donation. However, in many cases donated cars will be sold en masse, either by the charity itself or by a dealer to raise funds for the charity. In the case of a dealer, the charity generally receives a flat fee per car, sometimes as little as $45 per car.
Listed below are tips for donors who would like to donate a car to charity. Beware that the donor’s tax deductions for car donations may be limited to the price at which the charity sold the car.
To receive the maximum tax deduction on your car donation, and to receive the satisfaction that the full value of the car benefits a charitable purpose, give it to a charity that will use the vehicle in its operations or will give it to a person in need. Otherwise, your tax deduction will not be based on the fair market value, but will be limited to the amount of money the charity receives from the sale of your car. If the charity you are donating to does sell the vehicle, ask what percentage of the proceeds they receive. See Car Donations: Taking Taxpayers for a Ride for more.
Ask if the charity accepts car donations directly, without involving a third party. If possible, drive the vehicle to the charity instead of using a towing or pickup service. This will allow the charity to keep the full amount of any proceeds from selling the car.
Make sure the charity is eligible to receive tax deductible contributions. Ask for a copy for your records of the organization’s IRS letter of determination which verifies its tax exempt status.
Be sure that you get a receipt from the charity for your car donation.
Be aware that non-cash donations are one of the most common triggers to an audit by the IRS, so you’ll want to document the value of the car and keep records of it.
If the car is worth more than $500, the donor must complete Section A of IRS Form 8283 and attach it to their tax return. Donors are required to file with his/her tax return a written acknowledgement from the charity. If the charity sells the car, the charity must provide the donor with a certification that the car was sold at “arms length” between unrelated parties and the sale price of the car within 30 days. In this case, the donor’s tax deductions will be limited to the total amount the charity sold the car for. If the charity does not sell the car, it must provide the donor with a receipt within 30 days of the contribution. The charity may also be required to provide certification to the donor stating how it plans to use or improve the car and stating that it promises not to sell or transfer the car. Penalties are imposed on charities that provide fraudulent acknowledgements to donors.
If the car is worth $5,000 or more, an independent appraisal is necessary. The donor must also fill out Section B of IRS Form 8283. For cars worth less than $5,000, use the Kelley Blue Book, the Hearst Black Book, or a guide from the National Auto Dealers Association (NADA) to determine the market value. Make sure you use the correct figure for the date, mileage, and condition of your car. Picking the highest figure for your car model and year without taking into account other factors may not pass muster with the IRS.
Take pictures of the car and save receipts for new tires or other upgrades to verify its value.
Remember, it is the donor, not the charity, who is obligated to value the car and who will pay the penalties if an IRS challenge finds your figure inaccurate.