• 6 Posts
  • 10 Comments
Joined 1 year ago
cake
Cake day: June 12th, 2023

help-circle





  • dMartian@monero.towntoMonero@monero.townQuestion about taxes
    link
    fedilink
    English
    arrow-up
    2
    ·
    11 months ago

    The main question for you as a donor is if you’re expecting it to be a tax deduction. If so, you might want to let give a heads up.

    Donors don’t have to report anything, though. So if you don’t want to report donations, you don’t have to. For you, it doesn’t matter whether the donation gets reported by the receiver.

    The issue is if the same tax agency sees a donations being charitable donations being claimed that exceed the reported income from donations, because then they know someone reported incorrectly.