Overview

Crowdfunding Scenarios Explained: If, How, and When to Tax Money from Crowdfunding tackles head on the current version of using a ""crowd"" to raise funds for a charitable project, a business concept, or an idea for a toy or tool or other device. Most taxpayers are not knowledgeable about if or when the proceeds (income) they receive are taxable. Crowdfunding Scenarios Explained is designed to explain how and why they could be taxable, along with presenting several true-to-life illustrations and related concepts.

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9781683508595

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Delmar C Gillette, BA (Berea College, KY), MAT (Duke University, NC) started his career teaching biology and chemistry. He worked during the tax season for H&R Block and taught their basic tax course. In 1977, he left public school teaching to enter the financial services industry and now helps people with the concepts of life insurance, financial planning, goal setting and achieving, and investment planning. As a tax professional, Gillette has taught other tax practitioners at state and national conferences, and has written and published tax-related articles in national tax publications, such as the National Association of Tax Professionals. Gillette and his wife live and work in Newport News, VA near the birthplace of the US – Williamsburg and Yorktown.

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