Is money from crowdfunding taxable?

Raising money through crowdfunding can be a great tool to fund your business, support charitable organizations or raise money for yourself. It is a great alternative to quickly get some cash compared to other funding methods, but how does this affect your tax liability? Don’t miss: Proposed regulation creates exception to anti-clawback rule Crowdfunding sites …

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Is Your Crowdfunding Account Going to Cost You?

With the growing popularity of crowdfunding, many of you are probably wondering about the tax implications that comes with it – and if you’re not, maybe you should be. There are no strict rules yet, but here are some general guidelines. Websites such as gofundme.com and causes.com that raise money for charitable causes, lend your …

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Exploding growth in crowdfunding

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the internet. Crowdfunding has grown dramatically over the last few years. As shown in the chart below, crowdfunding websites helped companies and individuals worldwide raise $89 million from members of the public in …

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