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Tax Law: Can An Unprofitable For-profit Accept Volunteers/Donations?

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  • Pat
    Lv 7
    4 months ago
    Favourite answer

    Sure.

    But you have to count them as income and pay taxes on them.

    And the people who donate them can NOT deduct them from their taxes.

    And you can NOT solicit donations under false pretenses.

    • willeum4 months agoReport

      This is what I thought. Know anything about the volunteers/labor law? I know businesses shouldn't have volunteers, but i feel like it's OK to have volunteers if I'm not actually making a profit. 

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  • Judy
    Lv 7
    4 months ago

    no.......................................

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  • Anonymous
    4 months ago

    Why would anyone want to volunteer or donate?

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  • 4 months ago

    It's the same as for a profitable for-profit.

    • willeum4 months agoReport

      That makes sense for taxes. Not for volunteers, which I think would be labor law.

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