Select an FAQ (3):
|How does the IRS treat nonprofits' gambling revenues? (new version available)|
Many nonprofits rely on gambling activities to bring in much-needed revenue. IRS publication 3079 covers related taxes and other issues in detail.
|Is the cost of a raffle ticket deductible? |
Purchasing a 'chance' to win something does not count as a charitable deduction.
|Should we conduct a raffle? (new version available)|
There are a lot of hoops to jump through.