Do I pay taxes on donations to assist in housing for 100 days and prescriptions for up to 5 years if I set up a Facebook page as suggested?
Tax Professional Answers
If you are able to partner with an IRS tax-exempt organization, they would be able to set up a fund for you and have individuals make contributions to the fund. The donors can "suggest" that the funds be used for your benefit, but they cannot require that the funds go to you. That is known as exercising undue control and disqualifies it as a deductible contribution. For example, your church may set up a fund to help your financial needs and tell the congregation the purpose of the fund. They will get a tax deduction for that contribution. Hope this helps. Let me know if you have any follow up questions.
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