How does this work with taxes / income? If it's only temporary for a family that lost their home and ALL belongings to a fire, do i need to register with the irs as a non-profit? And what would be a good method of receiving donations online, maybe paypal? Any suggestions would be great, but please serious answers only.
2006-12-09
15:25:31
·
5 answers
·
asked by
>>Ascher<<
3
in
Business & Finance
➔ Taxes
➔ United States
This is not for my personal gain nor tax deductions. I think people are misunderstanding my point, i want to setup some sort of organization where people can donate to this family. What i have in the works so far: putting up a web page, broadcast it on the radio, "for benefit of" bank account setup. But i need to know if there is any legal matters i need to take up before i or this family starts accepting donations.
2006-12-09
15:52:23 ·
update #1