From the IRS: Crowdfunding is a popular way to raise money online. People often use crowdfunding to fundraise for a business, for charity, or for gifts. It’s important to know that money raised through crowdfunding may be taxable. Highlights from … Continue reading
From the IRS: After an emergency or disaster, people rally to help victims by donating money. Unfortunately, this can give criminals an opportunity to prey on them by soliciting donations for fake charities. Scammers may also pose as federal agencies … Continue reading
As we say in our Savvy Donor series, it’s up to donors to evaluate charities. Although most charities must register with the IRS and file annual information returns on Form 990, the IRS is not set up to evaluate or … Continue reading
Natural disasters, dread diseases or the plight of veterans – they bring out the scammers who create fake charities to grab the dollars of caring men and women. “Charity” scammers do double damage. They take from the donor, and they … Continue reading
