Tag Archives: IRS

Crowdfunding Comes With Tax Issues

Bad news, crowdfunders. Tax professionals are saying that the Internal Revenue Service (and probably your friendly State tax collector) believe that all moneys you receive from crowdfunding is taxable income. Guess what? That DVD reward, it’s considered a “sale” and … Continue reading

Posted in accredited investor, balance, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Get a Call From the SEC? It’s a Scam!

Have you received a call from the Securities and Exchange Commission ? If so, it’s a scam. In defense of this rash of telephone fraud, the SEC has issued an Investor Advisory. It says that “the SEC will never endorse investment … Continue reading

Posted in accredited investor, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Senate Finance Committee Passes Extension of Tax Write-off For Filmmakers

A large bipartisan majority the Senate Finance Committee last week passed a bipartisan package of more than 50 tax extenders that includes a 2 year extension to Sec. 181 permitting immediate write-off of film/television production expenses up to first $15 … Continue reading

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Crowdfunders Know How To Start Up Without Capital

Well, duh. Crowdfunders know that the best way to start a business without capital is to have your customers pay in advance. Even the IRS has noted that “rewards” promised on Kickstarter are actually sales upon which income taxes will … Continue reading

Posted in Charity, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Film/TV Tax Expense Relief in Extenders Bill

Congress may show some bi-partisanship in the lame duck session between now and the holidays by passing the Tax Extenders Act of 2013 that will give businesses a number of tax breaks that expired in 2013, including but not limited … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding With Bitcoins – Multiple Tax Bites?

Let’s say you bought a Bitcoin for $200 a few months ago and then used it to buy some shares on Angel List today at its current value $448.60 (according to  http://preev.com/). Here’s the problem. That transaction may have resulted … Continue reading

Posted in Banking, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding on Steroids: The UK Enterprise Investment Scheme

Here’s one reason why equity crowdfunding in the UK has an advantage: the “Enterprise Investment Scheme.” Here are some highlights: The investor can take a 30% tax credit (not a deduction against gross income) for investments made in qualifying companies. Relief … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Tax, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment