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    0 Replies Latest reply on Apr 9, 2009 11:44 AM by marlenedietri

    Tax consequences,fundraiser for individual, WI

    marlenedietri Newbie
      Hi, again. Please help. I've written a cookbook to raise money for my mother - who was diagnosed with Stage IV Adenocarcinoma. I keep getting different answers from people (one accountant told me not to worry about it) about tax consequences. I contacted the state and the IRS and was told that I would end up paying income tax, gift tax on the funds I'd raise. And, in addition, my mother (in Germany) would end up having to pay international taxes. Is there a different way I can do this? I do not qualify for a foundation or 501 c3, due to this being for an individual. Does anybody have any answers for me? Thank you for your help.