Kicktaxing: The Crazy Complexity of Paying Tax Correctly On Crowdfunding

eggboard writes "I thought I knew what I was doing when I budgeted for a Kickstarter campaign. I spent weeks sorting out details, set a number ($48,000) that included expenses, Kickstarter fees, and a margin of error. In the end, we raised over $56,000. But my tax planning nearly put a crimp in cash flow, and could have been real problem. It all worked out, but I've written a detailed guide for people for before and after a campaign to avoid my mistakes."

Comments

Re:stay out of business until 2017

[Ralph Wiggam]

Yeah. So why was every Republican screaming in 2009 about how businesses hated Obama and how his Presidency was going to tank the stock market?