Archived Posts: Reporting Funds

Tax Tips for November 2025

Tax Tips for November 2025

by | Nov 25, 2025 |

Click on the links below to jump to each section in this article: Make Sure Every Donation Counts Making Tax-Free Gift in 2025 and 2026 Easier Reporting Rules for Some Forms   Make Sure Every Donation Counts Charities obviously benefit when you donate to them. But you can also benefit by securing a tax deduction on your 2025 income tax return if you donate by Dec. 31, itemize deductions and comply with the tax rules. Here are a few rules to keep in mind: Ensure you’re donating to a...

read more
The Tax Consequences of Crowdfunding

The Tax Consequences of Crowdfunding

by | Apr 11, 2022 |

Crowdfunding websites such as Kickstarter and GoFundMe have become an increasingly popular way for small business owners to stay afloat. The upside is that it's often possible to raise the cash you need; the downside is that the IRS considers that money taxable income. Let's take a closer look at how crowdfunding works and how it could affect your tax situation. What is Crowdfunding? Crowdfunding is the practice of funding a project by gathering online contributions from a large group of...

read more

Categories

Archived