Book Project Cracks $1 Million Dollars By Crowd Funding
April 13, 2012 by Dr. Letitia Wright
Filed under Books, Crowd Funding, Featured Articles, Front Page
The third project get over $1 million dollars in financial support is also the first book to do so. Rich Burlew wanted to
Breakthrough 2012
April 12, 2012 by Dr. Letitia Wright
Filed under Dr. Wright Live (Events)
The Ayres Hotel & Spa
12631 Memorial Way
Moreno Valley, CA 92552
When:
Saturday May 26, 2012 from 8:00 AM to 6:30 PM PDT
Taxes and Crowd Funding
April 11, 2012 by Dr. Letitia Wright
Filed under Crowd Funding, Featured Articles, Front Page
Everyone always asks how is the money from crowd funding taxed. The answer is always- it depends. I know you hate that. I hate that too. However, everyone’s situation is different. First of all, you need to let your tax professional know you have gotten funds from crowd funding. You must explain to that person what you are doing and how you are using the money.
If you are a non-profit, the tax consequences will be much different than if you are a for-profit business. If you have actually started a business, the tax consequences will be different than if you do not own any type of business. You have to decide if it is part of your personal taxes or your business taxes. All of this can be done BEFORE you raise money using crowd funding. Read more
