You've probably seen "donate" buttons on websites that let you
contribute via PayPal to online writers you like. If you set up one of
these for your own blog, be warned that saying "donate" doesn't
automatically make the money a gift. The IRS could just as easily decide
the donor is paying you to continue your excellent work. The "Tax Prof
Blog" reports that tax attorneys disagree on how bloggers should handle
this. Several attorneys recommend you report the donations as income to
be on the safe side until the IRS rules differently.
What Donations Received Do I Have to Claim on My Taxes? - Budgeting Money
contribute via PayPal to online writers you like. If you set up one of
these for your own blog, be warned that saying "donate" doesn't
automatically make the money a gift. The IRS could just as easily decide
the donor is paying you to continue your excellent work. The "Tax Prof
Blog" reports that tax attorneys disagree on how bloggers should handle
this. Several attorneys recommend you report the donations as income to
be on the safe side until the IRS rules differently.
What Donations Received Do I Have to Claim on My Taxes? - Budgeting Money
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
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