| Go back to previous topic | | Forum name | General Discussion | | Topic subject | gofundme and the like | | Topic URL | http://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13042958 |
13042958, gofundme and the like
Posted by tariqhu, Mon Jul-11-16 07:34 PM
how does this work from tax standpoint? I assume its counted as income for the recipients.
for the shooting victims, who gets that money and what will it be used for? burial costs and lawyer fees?
hopefully, those families will have good advisors. I'd hate for them to be taken advantage of while already dealing with losing a family member.
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13042961, Ya'll tax windfall gains like that? Sucks. Tax free here. Same with lotto.
Posted by Ted Gee Seal, Mon Jul-11-16 07:51 PM
>how does this work from tax standpoint? I assume its counted
>as income for the recipients.
>
>for the shooting victims, who gets that money and what will it
>be used for? burial costs and lawyer fees?
>
>hopefully, those families will have good advisors. I'd hate
>for them to be taken advantage of while already dealing with
>losing a family member.
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13042967, yeah, I'd be surprised if it didn't get taxed.
Posted by tariqhu, Mon Jul-11-16 08:38 PM
we pretty much tax everything that's trackable. that's why so many folks don't report everything to the feds.
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