Tag Archives: Tax on crowdfunding

USA IRS : Money received through crowdfunding may be taxable;

By | March 21, 2022

Money received through ‘crowdfunding’ may be taxable; taxpayers should understand their obligations and the benefits of good recordkeeping Understanding Crowdfunding Crowdfunding is a method of raising money through websites by soliciting contributions from a large number of people. The contributions may be solicited to fund businesses, for charitable donations, or for gifts. In some cases,… Read More »