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when doing a profitable fundraiser for your self who get the money? do you pay taxes?

2007-09-14 17:12:50 · 2 answers · asked by nookie 1 in Business & Finance ➔ Personal Finance

2 answers

Unless you are a qualified charity, yes you pay taxes on money you raise.

2007-09-14 17:41:01 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋

Yes, it is not differant from any other income.

2007-09-15 15:08:47 · answer #2 · answered by Anonymous · 1⤊ 0⤋

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