Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Posted by taxguru on September 5, 2002

High Tech Begging

New technology brings opportunities to adapt them to ages old endeavors. Rather than stand on street corners begging for money, many are jumping on the ‘net, setting up websites and actually receiving a lot of free money.

With copycats jumping in, even directly copying other websites, this will burn out soon. It will also be eye opening to the gullible donors when their tax preparers break the news to them that these kinds of donations are not tax deductible. Gifts to private individuals are not deductible; only to charities recognized by IRS.

KMK

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