clr600
Level 8
12-07-2019
09:25 AM
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Best Answer Click here
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George4Tacks
Level 15
12-07-2019
09:25 AM
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https://support.gofundme.com/hc/en-us/articles/204295498-Taxes-for-Organizers
Answers are easy. Questions are hard!
TaxGuyBill
Level 15
12-07-2019
09:25 AM
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In other words, it depends on why people are donating. Are the payers receiving anything in exchange for the payment?
George4Tacks
Level 15
12-07-2019
09:25 AM
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Yeap! Like so many things, facts and circumstances. @clr600 knows all about those for his/her client.
Answers are easy. Questions are hard!
Answers are easy. Questions are hard!
clr600
Level 8
12-07-2019
09:26 AM
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Thanks
nolanm
Level 4
02-23-2021
12:35 PM
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I think I see the answer in this thread. Just to confirm:
Woman (my client) husband passes in 2020. A gofundme is set up to help her financially, nothing is received by the gofundme donars in return for their donations" to my client. The gofundme receipts are not taxable as income to my client correct?
