Get a custom title for charity!
General Pimpin'
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If this keeps going up I'll throw in a hoody instead of a shirt and I'll even toss in a custom sticker on my dime! Big spender... look out. LOL!
Nobody likes the tuna here
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Out of curiosity, did anyone look into the accounting and tax implications of organizing a paid public event featuring raffles and auctions?
An inner-city program I volunteer at got into trouble with a charity ball raffle because the state considers that gambling (i.e. a lotto) and the organizers and winners typically have to pay hefty taxes on value of their winnings (or may be even need a license). I don’t remember all the specifics.
I highly doubt IRS and Franchise Tax Board will ever find out or even care, but I like to be paranoid…
A simple "Yes" or "No, GTFU" will suffice. Just curious. I don't mean to start anything
An inner-city program I volunteer at got into trouble with a charity ball raffle because the state considers that gambling (i.e. a lotto) and the organizers and winners typically have to pay hefty taxes on value of their winnings (or may be even need a license). I don’t remember all the specifics.
I highly doubt IRS and Franchise Tax Board will ever find out or even care, but I like to be paranoid…
A simple "Yes" or "No, GTFU" will suffice. Just curious. I don't mean to start anything
Last edited by LxJLthr; Jul 10, 2013 at 01:32 PM.
General Pimpin'
iTrader: (7)
Joined: May 2003
Posts: 23,019
From: Knee deep in beer. subabrew crew, ca.
Car Info: MY04 aspen wrx wagon.
Out of curiosity, did anyone look into the accounting and tax implications of organizing a paid public event featuring raffles and auctions?
An inner-city program I volunteer at got into trouble with a charity ball raffle because the state considers that gambling (i.e. a lotto) and the organizers and winners typically have to pay hefty taxes on value of their winnings (or may be even need a license). I don’t remember all the specifics.
I highly doubt IRS and Franchise Tax Board will ever find out or even care, but I like to be paranoid…
An inner-city program I volunteer at got into trouble with a charity ball raffle because the state considers that gambling (i.e. a lotto) and the organizers and winners typically have to pay hefty taxes on value of their winnings (or may be even need a license). I don’t remember all the specifics.
I highly doubt IRS and Franchise Tax Board will ever find out or even care, but I like to be paranoid…
The inner city program has someone behind it... an organization... the organization has a tax exemption status.
We are not an organization. There is really no one attached to this. Just some volunteers putting on a bbq that has a raffle to raise money for charity. No money from the raffle goes to anything but a charity.
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