Thursday, December 15, 2011

What is the legality surrounding receiving cash or check donations?

I am not a charity, just receiving donations for a site I want to create. I don't think there is any problems with people who willingly send in cash donations. I don't think I have to claim anything like that on my taxes either?|||Unless you are a tax exempt charity (legally-defined) or the donations are really gifts, you must pay taxes on them.

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