Continuing the discussion from FUNDRAISER: Help Stone D recover from his losses/injuries. Thank you all that donated truly amazing of yall:
Is this a paypal thing?
We’re not talking huge bucks here but in the interest of keeping people out of trouble…
In the Internal Revenue Code, section 501(c)(3) is very specific about the types of organizations that qualify for charitable contributions. An organization must be a religious, educational, scientific, literary or humanitarian group. A charity is always a group and never an individual person.
If You Gave Money to Someone Can It Be Deducted Off Taxes? | Finance - Zacks
We should even call these ‘Community Fundraiser’ or something and be explicit it’s a ‘gift’ at best from members directly to another member. Otherwise, 501(c)(3) would make sense for this.
Let me know if your tax person says something different.