Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Thursday, September 05, 2002
High Tech Begging
New technology brings opportunities to adapt them to ages old endeavors. Rather than stand on street corners begging for money, many are jumping on the 'net, setting up websites and actually receiving a lot of free money.
With copycats jumping in, even directly copying other websites, this will burn out soon. It will also be eye opening to the gullible donors when their tax preparers break the news to them that these kinds of donations are not tax deductible. Gifts to private individuals are not deductible; only to charities recognized by IRS.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 9/05/2002 02:21:00 PM Send this post:
