Question- Aren't people supposed to report donations on federal income tax to IRS, even if those funds are exempt from taxation? If not done, isn't that tax fraud? Also, don't you have to register a charitable organization as a tax-exempt org. when donations are involved, e.g., a "rescue org."? Wonder if there is compliance... Further, use of internet with donation-seeking brings about a lot of interstate commerce issues, right???
Inquiring minds want to know... |