Crowdsourcing Tax Confusion

WealthManagement.com
Oct 20, 2017

Martin M. Shenkman, Bernard A. Krooks, Jonathan G. Blattmachr 

In the wake of any tragedy, charitable efforts to help victims often come with a sense
of urgency and in the form of crowdfunding campaigns via online websites. Despite
the substantial sums of money raised annually by these crowdfunding sites, there
seems to be little law, and even less guidance, for the donors using them.
A better understanding of the legal, tax and structural issues of these efforts will help
donors better match their money to their intentions. Let’s take a look at where
things stand.

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