IS GOFUNDME TAX FREE?

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Is GoFundMe Tax Free? IRS requirements are often confusing, and crowdfunding tax treatment is no exception. GoFundMe, Kickstarter, and other personal fundraising websites have become extremely popular – their purpose being to assist in raising funds for different campaigns. You’ve probably … [Read more...]

10 YEAR END TAX TIPS for 2015

PLAN AHEAD TO SAVE MONEY  Charitable Donation Records If you claim a charitable deduction of more than $500 in donated property, you must document the donations on your tax return. If you are claiming a deduction of $250 or more in a single donation, you will need a written acknowledgement … [Read more...]