Benefit Concert

stradmom
Fri, 12 Oct 2012 18:38:40 +0000

I’m almost certain we’ve discussed this before, but I couldn’t pull anything up in a search. Here’s the story: D3 and some friends are planning a benefit concert with proceeds to go to a recognized charity. She’s been setting up a website and just opened a “business” bank account to handle the donations (I believe they are accepting online donations via paypal and are asking for a donation at the door).

What does she need to do in terms of tax liability? Does she need to register as a 501(c)3? Does she need to pay taxes on the donations? Report them to the IRS in any way? Offer receipts to concert goers? (Can you tell I’m a complete newbie to this world??!)

Any advice on organizing the performance etc would be gratefully accepted. :)