Crowdfunding Tax Planning - Delaware CPA

Tax Considerations Regarding Crowdfunding

Crowdfunding has increasingly gained popularity among entrepreneurs as more individuals and businesses comprehend the value derived from an early introduction of their products to the market.

Tax Planning Issues

Death and Taxes

As Benjamin Franklin once said, “Nothing is certain but death and taxes” so it makes sense to discuss how these two issues are intertwined with each other.

Cancelled Debt Business Impact - Delaware CPA

Canceled Debt – The Business Effect

As a general rule, an individual taxpayer who is not considered insolvent or in bankruptcy may have to treat cancelled debt unrelated to their personal home as taxable income.