Posts Tagged ‘fund raiser’

Nik Nax (GIFTS) & (FUND RAISING IDEAS)

Tuesday, May 5th, 2009

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What are the tax implications for people that get money from fund raising?

Wednesday, April 15th, 2009
thebuffettour asked:


We had someone locally who had a fund raiser thrown for them because they were injured while fighting a fire. A pretty nice sum (over 40,000) was raised. That got me thinking about what the tax implications were. Do they have to pay taxes on it since there was no large donation by a single person over 10,000?

Nathaniel

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