I'd love to sell off all my random electronics/collectables that aren't entirely VG related for the sake of donating the money to the site.. would an exception be possible for allowing me to post them in an FS thread along with my game related stuff that i also wish to sell/donate?
I'd love to sell off all my random electronics/collectables that aren't entirely VG related for the sake of donating the money to the site.. would an exception be possible for allowing me to post them in an FS thread along with my game related stuff that i also wish to sell/donate?
2-4 times a year there's a 'garage sale' time when you can make a thread with 'garage sale' in the title and list anything.
oh.. and small donation sent, not the server amount but I like to think I do my part.
I'd love to sell off all my random electronics/collectables that aren't entirely VG related for the sake of donating the money to the site.. would an exception be possible for allowing me to post them in an FS thread along with my game related stuff that i also wish to sell/donate?
2-4 times a year there's a 'garage sale' time when you can make a thread with 'garage sale' in the title and list anything.
oh.. and small donation sent, not the server amount but I like to think I do my part.
Good point. It would make perfect sense to do a Garage sale now, so people can raise some funds. Let's get this thing funded!
Money incoming. I've recently become a more "active" member over the last year or so, and I can't say enough about how this site has helped me in my collecting journey - not just physical games and what not, but knowledge, advice and just overall providing a great community with a group of people that share the same mutual interest.
Thanks to Dain and everyone who makes this site so great.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
Don't ask me Jone, I'm just doing what I was asked.
Does this have any implications for those of us who donated using Paypal gift before it was asked that we donate as normal payments? Or should we just not worry about it?
I'd love to sell off all my random electronics/collectables that aren't entirely VG related for the sake of donating the money to the site.. would an exception be possible for allowing me to post them in an FS thread along with my game related stuff that i also wish to sell/donate?
2-4 times a year there's a 'garage sale' time when you can make a thread with 'garage sale' in the title and list anything.
Good point. It would make perfect sense to do a Garage sale now, so people can raise some funds. Let's get this thing funded!
Hopefully Dain will read this.
Agreed, we will start the garage sale time again this Saturday the 11th for two weeks. Look for the announcement thread on Saturday.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
He'd only be taxed on any profits he shows from running the site, which I'm guessing is very little to none.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
PayPal probably gets angry when there are suddenly $60x100 gifts to someone.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
He'd only be taxed on any profits he shows from running the site, which I'm guessing is very little to none.
This. NA is a "business" and there is no way to donate to the site that would not be considered "income" to the IRS, regardless of how it shows up in Paypal.
Also, I don't think we should be encouraging tax-evasion by using "gift" payments to avoid a 1099.
How do the awards work for donating? I looked at them yesterday, saw the different levels, then the mushroom thing. Do you guys keep a running tally for individual member donations and then as the total donations for that person increase, so does the award icon? Or do you get each icon for donating that level of money?
Very cool. Linktothepastgaming (Bill) and I are committing a dual donation, may have already come through, he's busy this week so no clue on when it might get there. Keep up the good work!
I'll assume this'll be going on for a bit more. Once I finish Wizard World I'll be able to contribute and make up for last times' donation, which I totally missed.
How do the awards work for donating? I looked at them yesterday, saw the different levels, then the mushroom thing. Do you guys keep a running tally for individual member donations and then as the total donations for that person increase, so does the award icon? Or do you get each icon for donating that level of money?
Just curious.
We're pretty liberal with the award icons -- if you donate, we'll make sure you get something to show for it.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
The only reasoning is because they tend to suspend accounts for receiving too many "gift" payments. As long as people use the webmaster@ address, we typically do not pass the 1099 threshold.
Don't ask me Jone, I'm just doing what I was asked.
Does this have any implications for those of us who donated using Paypal gift before it was asked that we donate as normal payments? Or should we just not worry about it?
I wouldn't worry about it. Some people sent normally, some as gift. As long as most of them are sent normally, we hopefully won't raise any red flags on their end. I just don't understand PayPal enough to know if it's ok to receive this much money as "gifts" even if they really are gifts. I'd just hate to have them close our account.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
He'd only be taxed on any profits he shows from running the site, which I'm guessing is very little to none.
This. NA is a "business" and there is no way to donate to the site that would not be considered "income" to the IRS, regardless of how it shows up in Paypal.
Also, I don't think we should be encouraging tax-evasion by using "gift" payments to avoid a 1099.
At year-end, we do have to declare all donations, gift or not, as taxable income, but we've been able to offset that income from money I save by declaring my NA room as a tax deduction.
Comments
i have a few things ill let go and give back to a place that rocks man
100% Gnar
Originally posted by: traitorjack
I'd love to sell off all my random electronics/collectables that aren't entirely VG related for the sake of donating the money to the site.. would an exception be possible for allowing me to post them in an FS thread along with my game related stuff that i also wish to sell/donate?
2-4 times a year there's a 'garage sale' time when you can make a thread with 'garage sale' in the title and list anything.
oh.. and small donation sent, not the server amount but I like to think I do my part.
Originally posted by: rokubungi
Originally posted by: traitorjack
I'd love to sell off all my random electronics/collectables that aren't entirely VG related for the sake of donating the money to the site.. would an exception be possible for allowing me to post them in an FS thread along with my game related stuff that i also wish to sell/donate?
2-4 times a year there's a 'garage sale' time when you can make a thread with 'garage sale' in the title and list anything.
oh.. and small donation sent, not the server amount but I like to think I do my part.
Good point. It would make perfect sense to do a Garage sale now, so people can raise some funds. Let's get this thing funded!
Hopefully Dain will read this.
Thanks to Dain and everyone who makes this site so great.
Updating first post with current donation level.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
NA rules!
Kain
Originally posted by: Paul
Don't ask me Jone, I'm just doing what I was asked.
Does this have any implications for those of us who donated using Paypal gift before it was asked that we donate as normal payments? Or should we just not worry about it?
Originally posted by: JD
Originally posted by: rokubungi
Originally posted by: traitorjack
I'd love to sell off all my random electronics/collectables that aren't entirely VG related for the sake of donating the money to the site.. would an exception be possible for allowing me to post them in an FS thread along with my game related stuff that i also wish to sell/donate?
2-4 times a year there's a 'garage sale' time when you can make a thread with 'garage sale' in the title and list anything.
Good point. It would make perfect sense to do a Garage sale now, so people can raise some funds. Let's get this thing funded!
Hopefully Dain will read this.
Agreed, we will start the garage sale time again this Saturday the 11th for two weeks. Look for the announcement thread on Saturday.
Great start everyone, keep up the good work.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
He'd only be taxed on any profits he shows from running the site, which I'm guessing is very little to none.
Originally posted by: jonebone
Great start everyone, keep up the good work.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
PayPal probably gets angry when there are suddenly $60x100 gifts to someone.
Originally posted by: Jobber8742
Originally posted by: jonebone
Great start everyone, keep up the good work.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
He'd only be taxed on any profits he shows from running the site, which I'm guessing is very little to none.
This. NA is a "business" and there is no way to donate to the site that would not be considered "income" to the IRS, regardless of how it shows up in Paypal.
Also, I don't think we should be encouraging tax-evasion by using "gift" payments to avoid a 1099.
Just curious.
Originally posted by: Ferris Bueller
How do the awards work for donating? I looked at them yesterday, saw the different levels, then the mushroom thing. Do you guys keep a running tally for individual member donations and then as the total donations for that person increase, so does the award icon? Or do you get each icon for donating that level of money?
Just curious.
We're pretty liberal with the award icons -- if you donate, we'll make sure you get something to show for it.
Originally posted by: jonebone
Great start everyone, keep up the good work.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
The only reasoning is because they tend to suspend accounts for receiving too many "gift" payments. As long as people use the webmaster@ address, we typically do not pass the 1099 threshold.
Originally posted by: Luke00016
Originally posted by: Paul
Don't ask me Jone, I'm just doing what I was asked.
Does this have any implications for those of us who donated using Paypal gift before it was asked that we donate as normal payments? Or should we just not worry about it?
I wouldn't worry about it. Some people sent normally, some as gift. As long as most of them are sent normally, we hopefully won't raise any red flags on their end. I just don't understand PayPal enough to know if it's ok to receive this much money as "gifts" even if they really are gifts. I'd just hate to have them close our account.
Originally posted by: arch_8ngel
Originally posted by: Jobber8742
Originally posted by: jonebone
Great start everyone, keep up the good work.
I noticed that the OP was revised to say normal payments and not gifts? What's the reasoning? I'd hate to see 3% of the donations get lost, and even worse, if it causes him to get a 1099 at the end of the year (and get taxed between 25-35% on it as "income"). But, whatever is preferred.
He'd only be taxed on any profits he shows from running the site, which I'm guessing is very little to none.
This. NA is a "business" and there is no way to donate to the site that would not be considered "income" to the IRS, regardless of how it shows up in Paypal.
Also, I don't think we should be encouraging tax-evasion by using "gift" payments to avoid a 1099.
At year-end, we do have to declare all donations, gift or not, as taxable income, but we've been able to offset that income from money I save by declaring my NA room as a tax deduction.