BustedBreaks
Junior Member
What is the name of your state (only U.S. law)? MD
I posted this in another section and it was suggested that I post this here:
I am interested in starting a youtube channel where I post instructional videos on topics in math and eventually scientific topics. I would also like to have some sort of donation button where people, who are so inclined, can donate money to my "cause". I am a college student who plans on spending a lot of time in school so I'd like to find a bunch of funding options, this being one. I would also like to donate some percentage of the donations, if I get any, to a organization. I want to make this transparent and legal lest people think that I'm asking for donations for myself under the guise of it going to charity. How should I go about doing this?
My legal questions include: In the event that I get donations, what do I have to do in terms of tax? Do I have to report this income if it's less than a certain amount? Does the fact that I'm giving some to an organization matter? I am planning on keeping detailed records of donations and keeping a site where I can make all of the relevant information available for anyone who wants to see it. I plan on providing proof of enrollment etc, anything and everything to show that I want and am genuinely trying to be honest about it all.What is the name of your state (only U.S. law)?
I posted this in another section and it was suggested that I post this here:
I am interested in starting a youtube channel where I post instructional videos on topics in math and eventually scientific topics. I would also like to have some sort of donation button where people, who are so inclined, can donate money to my "cause". I am a college student who plans on spending a lot of time in school so I'd like to find a bunch of funding options, this being one. I would also like to donate some percentage of the donations, if I get any, to a organization. I want to make this transparent and legal lest people think that I'm asking for donations for myself under the guise of it going to charity. How should I go about doing this?
My legal questions include: In the event that I get donations, what do I have to do in terms of tax? Do I have to report this income if it's less than a certain amount? Does the fact that I'm giving some to an organization matter? I am planning on keeping detailed records of donations and keeping a site where I can make all of the relevant information available for anyone who wants to see it. I plan on providing proof of enrollment etc, anything and everything to show that I want and am genuinely trying to be honest about it all.What is the name of your state (only U.S. law)?