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How Can I Raise Funds to Help Without Reporting Them as Income?

Question: Dear Steve, My daughter and two friends are going on a study abroad program in Spain. They all go to the same school and a teacher is accompanying them but the study abroad program is not really school sponsored. They are going in the summer following their 8th grade graduation from that school anyway. …

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Does My Mother With Cancer Have to Pay Taxes on Her Crowd Funding Campaign?

Question: Dear Steve, My mother was recently diagnosed with stage III cancer. She (nor any of us) does not have much money. Luckily, she has insurance, but it is income based. I want to a crowdfunding campaign to help her with finances, but I don’t want it to push her out of being eligible for …

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Crowdfunding Industry Set to Explode as SEC Approves Regulation A+

On Wednesday, 25th March, 2015, the Securities and Exchange Commission (SEC) approved the final rules to activate implementation of Regulation A+ which is Title IV of the Jumpstart our Business Startups Act, or JOBS Act. The approval of Regulation A+ is a major breakthrough in the crowdfunding industry as it allows startups and small businesses …

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