Cardozo Law Review de•novo
Volume
2025
First Page
57
Last Page
67
Publication Date
2025
Document Type
Article
Abstract
The Internal Revenue Service released a fact sheet that defines crowdfunding as a method to raise money on websites by soliciting contributions from a large number of people. This article considers how crowdfunding is treated for tax purposes and argues that, contrary to the fact sheet's determination, all donations collected by commercial websites should be income to the recipient.
Keywords
Taxation--Federal, Taxation, Fraud, Crimes Against Property, Consumer Protection Law, Industry
Recommended Citation
Jeffrey H. Kahn,
The Service’s Overgenerous Tax Treatment of Crowdfunding,
2025
Cardozo L. Rev. De-Novo
57
(2025).
Available at:
https://larc.cardozo.yu.edu/de-novo/110
COinS
