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This article was published by the IRS. Crowdfunding is a popular way to raise money online. People often use crowdfunding to fundraise for a business, for charity, or for gifts. It's important to know that money raised through crowdfunding may be taxable. Some money raised through crowdfunding may be considered a gift. Under federal tax law, [...]
You'll need an Individual Taxpayer Identification Number from the IRS - called an ITIN for short - if you have a tax filing requirement, federal tax withholding, or are eligible for an allowable tax benefit, but you aren't eligible for a Social Security number. First, you'll complete a Form W-7. Mail it to the IRS along [...]
