Any money you get the IRS considers income, and taxable. If people make donations to you to fund a project, then it is likely the IRS will view it as taxable income.
I wonder if the people who have raised tens or hundreds of thousands have thought of this, and have set aside money to pay the taxes. I wonder if the donors know this, and how they feel. It will be interesting to watch.
Feel free to forward this by email to three of your friends.
I wonder if the people who have raised tens or hundreds of thousands have thought of this, and have set aside money to pay the taxes. I wonder if the donors know this, and how they feel. It will be interesting to watch.
Feel free to forward this by email to three of your friends.
0 comments:
Post a Comment