Jeffrey H. Kahn (Florida State), The Service’s Overgenerous Tax Treatment of Crowdfunding, 46 Cardozo L. Rev. De-Novo 57 (2025):

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.

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