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A quick guide to help tax practitioners and individuals understand the concept of crowdfunding (GoFundMe, Kickstarter) and its long history.
Crowdfunding Scenarios Explained: If, How, and When to Tax Money from Crowdfunding
tackles head on the current version of using a “crowd” to raise funds for a charitable project, a business concept, or an idea for a toy or tool or other device. Most taxpayers are not knowledgeable about if or when the proceeds (income) they receive are taxable. Crowdfunding Scenarios Explained is designed to explain how and why they could be taxable, along with presenting several true-to-life illustrations and related concepts.
Author: Delmar Gillette
Publisher: Morgan James Publishing
Publication Date: August 2018
Pages: 102 (5" x 6")
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