Today, I’m discussing the tax implications of mutual aid funds and how it relates to the context of Hurricane Helene's impact here in Western North Carolina with the creation of paypals and fundraisers for donations.
Join me in this important episode to learn how to handle the tax side of mutual aid and how to make sure you’re staying on the right side of the IRS.
Also mentioned in today’s episode:
-
The importance of documenting gifts with written proof 3:45
-
Offsetting tax liability 7:29
-
Charitable donations and itemized deductions 12:48
If you enjoyed this episode, please rate, review and share it!
Links:
Emergency Relief Fund Grants for Artists
The WNC Strong: Rebuilding Together Grant for grant aid to help local Businesses survive and rebuild: https://www.mountainbizworks.org/helene/donate
For Sunlight Tax Mutual Aid donations. I will donate 100% of these funds directly to people in need.
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
This is Gavin Newsom
I’m Gavin Newsom. And, it’s time to have a conversation. It’s time to have honest discussions with people that agree AND disagree with us. It's time to answer the hard questions and be open to criticism, and debate without demeaning or dehumanizing one other. I will be doing just that on my new podcast – inviting people on who I deeply disagree with to talk about the most pressing issues of the day and inviting listeners from around the country to join the conversation. THIS is Gavin Newsom.