You're talking potential jail time here for intentional tax evasion.
The fact that you receive money from a tax exempt organization or community does not excuse you from having to declare what you receive as income and paying federal and state income taxes on that amount. If someone told you that was the way it works they are probably involved in something illegal.
The community or organization may have tax exempt status but you do not.
jail time here. I don't know where you got the idea what you're doing is legal, but an IRS representative would probably
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Question
Submitted 185 days ago...
Should we report income tax to the IRS if we work for non-profit organization voluntarily such as religious worker ?
We voluntarily work for non-profit organization, and members of that organization donate money to us. After that, we have some money for our necessities in everyday life. We want to create personal checking or saving accounts at any bank that we like to do so, in order to be easy for us to travel to any place or for our everyday expenses. My guestion is that, should I report income tax to the IRS at the end of each year? What amounts should be limited for individual's personal checking account if that income is from donation or charity? On the other hand, we create checking account savings account or apply for credit card for only one purpose is that it is safer us to use money when we spend or buy something at the stores or gas station. What I described is right or wrong? I am looking forward to hearing from any experts of non-profit organization. Thank you.
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Submitted 181 days ago...
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