Ricardo T. asked

⚖️  Law

Do we need to report the donations as income for a joint project where we are raising funds via crowdfunding to cover costs related to hiring musicians, venue rental, insurance, and other expenses for creating DVDs to be used as audition materials for college degree programs and job applications?

February 11th, 2024

Mark P. answered

Yes, you need to report the donations as income. According to Internal Revenue Code Section 61, any ...

February 11th, 2024

Sign Up to View Full Expert Answers

Create an account to view answers and interact with the community!

⚖️Related Questions

My business prepaid a supplier over $10k for orders in 2011 and 2012, but only a small portion of the orders has been delivered. The supplier has been promising resolution for over a year without fulfilling the orders. Can I send a legal letter requesting repayment of the entire balance within 30 days?

September 11th, 2024

Fagen has built a gas separation plant and First Energy has built a power station next to my property in Columbiana County, OH. My property is now worthless, and I live in constant danger. Do I have any rights, and what legal actions can I take?

April 16th, 2023

My ex-girlfriend has been sending nude photos of herself to me while dating her current boyfriend. She recently told me that these photos ended up on a website and that I need to have them taken down or she will press charges against me. She lives in another state and has given me different timelines for removal. Can she press charges against me?

April 8th, 2023

Would photos of a child taken from me after a hearing and court being told the child fears me, but showing the child happy with me at a recent birthday party just 4 weeks ago, be good evidence in the near future? I have much more evidence than that, but this is just an example.

June 22nd, 2023

I own a horse that was raised in Kentucky and had a UCC filed against it while it was there. I shipped the horse to California. Can the UCC still carry its priority lien even though the horse isn't in Kentucky anymore? I have a judgment in California that says the liens are in Kentucky and aren't good in California. How can that be? Do you have to file new UCCs every time the horse moves to a different state?

July 28th, 2024