PayPal donations are very common over the web. Almost every site asks for donations. So, do they declare it? How do you go about it?
If you mean a gift when you use the term "donation", you would not pay tax on a gift made to you. If someone is making a "donation" in return for a service or product you provided that is income to you.
February 20th, 2010 at 2:20 am
If you mean a gift when you use the term "donation", you would not pay tax on a gift made to you. If someone is making a "donation" in return for a service or product you provided that is income to you.
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February 20th, 2010 at 2:55 am
Donations? If they’re gifts, the recipient doesn’t have to report them.
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February 20th, 2010 at 3:40 am
If you asked for the donations, it’s taxable income to you. Begging income is not considered a gift and is taxable as ordinary income.
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February 20th, 2010 at 3:59 am
Please, before dealing with Paypal, you need to be aware that they are allowed to retain your money for a long period of time, Please be caretul.
http://www.paypalwarning.com
http://www.paypalsucks.com
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