GoFundMe does not charge you to receive funds, but depending on your payment method, the payment. The other option is to leave the 1099 off of your return and filed by mail. There are a number of 1099s through which businesses of all kinds report the money they pay, including 1099-INT for interest income, 1099-DIV for dividends and several other 1099 forms to report. Your lender will send you a copy of the form, usually by January 31, and will send. – 7:00 p. If you aren't a PayPal customer and have. S. Although there were several other crowdfunding platforms available at the time, the existing platforms focused mainly on funding for the creation of businesses or tangible products. The person receiving the funds could receive a Form 1099-K, and the IRS will expect to see that income reported on his or her tax return. 1. Of all the church fundraiser ideas, this one is a classic. She's been working two jobs to care for her family. A 1099-H is for Health Coverage Tax Credit (HCTC) Advance Payments. It will also send a matching 1099-K to the IRS. If your crowdfunding income is not taxable, you do not need to pay tax on the amount reported on Form 1099-K. Getting a 1099-K from GoFundMe does NOT mean that you have to pay taxes on what’s on your 1099. 9 percent payment-processing fee on each donation, along with 30 cents for every donation. Wenn you set up a GoFundMe or others crowdfunded bid the 2022, the dough you earned ability be considered a nontaxable gift — for they were observant of the rules. Below, we’ve outlined some useful details and tips to make the donation process as simple as possible. To create your account, you'll enter your name, email address, and a password. Yes, you can cancel a donation on GoFundMe. But wait! You are still required to report it and file with the IRS. Received at least 200 transactions. GoFundMe and most other crowdfunding sites usually send 1099-Ks if the campaign raised more than $20,000 and had more than 200 donors. So, what percentage does GoFundMe take for transaction fees? A transaction fee of 2. ² Contractors use the form to file their self-employment tax returns. A lawsuit settlement that you have paid out also requires you to issue a 1099-MISC. View community ranking In the Top 1% of largest communities on Reddit Raised over 15k through gofundme. GoFundMe and most other crowdfunding sites usually send 1099-Ks if the campaign raised more than $20,000 and had more than 200 donors. Report Crowdfunding Income on Your Taxes Business income from crowdfunding should be reported as part of gross receipts on your business tax return or Schedule C for self-employment income . Otherwise, they will send a statement showing all your donations and their values. Contact the help desk Monday through Friday 7:30 a. -taxpayer) or Form W-8BEN (non U. This is one of the many battles my dad, Rafael, has had to fight since his. As of September 30, 2021, Nonprofits can no longer start new campaigns or accept donations online. Rich Henderson is organizing this fundraiser. What payments does GoFundMe take?"The whole trigger would be the 1099 that GoFundMe sends you, now the 1099 is out there, the IRS gets the 1099 and they're looking for that income somewhere on your return," said O'Donnell. Does GoFundMe send you a 1099? Our company won’t give you a tax receipt. GoFundMe is a for-profit company. Does Gofundme Send A 1099? GoFundMe only sends a 1099 if you make over $600 in donations. We are the #1 event fundraising platform in the world and are trusted by partners like UNICEF, American Red Cross, American Cancer Society, International Rescue Committee, Boston Marathon, New York City Marathon Tough Mudder and thousands. Income you receive from any sources other than an employer must be reported to the IRS after the end of the tax year, just like the income from your job. GoFundMe is the world’s largest free fundraising and crowdfunding online platform that lets people raise money for events, be it gathering donations for a cancer-stricken family member or soliciting funds to pay for college tuition. Couple accused of keeping GoFundMe donations intended for How much does it cost to set up a GoFundMe? GoFundMe no longer charges a platform fee, so it is free for people to start a campaign. Crowdfunding platforms such as GoFundMe need made it easy for donate to owner favorite cause or someone on need. Use our invoicing tools to collect donations after an event or to follow up with repeat donors. Get help. Sometimes the payment processor used by the crowdfunding website,. GoFundMe has a 4. g. These amounts reflect the money taxpayer received as the result of gifts from donors. the third-party payment network must issue a Form 1099-K when the aggregate number of transactions exceeds 200 and the total value exceeds $20,000. December 21, 2022 Updated Is My Donation Tax-Deductible? Donations made to a personal GoFundMe fundraiser, rather than a charity fundraiser, are generally considered to be personal gifts and aren’t guaranteed to be tax-deductible. GoFundMe taxes are non-taxable for the most, however, there may be certain situations and donations which may require taxable donations, depending on the amount that is being raised form the donations and where the donation is being used or the use of funds for a particular cause, but the GoFundMe connects with all like-minded people who come. Learn more about GoFundMe’s fees on our pricing page here. 8 million in 2020. 99Pledges – Best GoFundMe Alternative for Walk-a-Thons. I am doing this fundraiser in the hopes of taking some of the financial burdens off of him, his wife Sarah and their 5 year old daughter Everlee, during. This form is not required for personal payments, only for business payments. How do you do a GoFundMe for a funeral? Let your support network help with memorial costs. it is quite unlikely you or the recipient would receive any tax forms as a result of gifts on GoFundME. 9. Improve this answer. GoFundMe takes 5% per donation. Banks usually send this out if someone earned $10 or more in interest. May 28, 2018. For attorney services, you'll. Refunding your donors. GoFundMe makes it easy for another friend or family member to securely access the funds you have raised. GoFundMe offers a flexible platform for raising money for personal causes, and you get several useful social media features, but funding reports are minimal. GoFundMe charges one transaction fee—that’s it. The tax preparer should inquire as to whether or not these fees are re-flected in the amount reported on the Form 1099-K. An extension of time to furnish the statements is now a fax only submission. If you organized a. Understand filing requirements, common types of 1099 forms, and key considerations to ensure. These communities could be devastated by COVID-19. If you have GoFundMe receipts, you should probably expect IRS scrutiny. Arguably, it does. The crowdfunding website or its payment processor must file Form 1099-K, Payment Card and Third Party Network Transactions with the IRS if: The amount raised is more than $600. If you have GoFundMe receipts, you should probably expect IRS scrutiny. Money collected trough crowdfunding campaigns can be accounted nontaxable if computer meets the IRS' definition of a gift. 80. If You Have A GoFundMe Campaign: Tax Tips. If you are looking to send an automatic thank you’s, this is the email template you’ll want to edit. 30 is automatically deducted from each donation, so you never have to worry about paying a bill. That could be a tax bill and it could be a full audit. You don't need to send a 1099 to corporations or for payments of rent to real estate agents (typically property managers -- yet they are required to send them to the property owners). 9% processing fee and 30 cents on each donation. Other donations that are not considered charitable giving for tax purposes include funds to. Does GoFundMe send a 1099? GoFundMe and most other crowdfunding sites usually send 1099-Ks if the campaign raised more than $20,000 and had more than 200 donors. They're made from performance fabrics that offer more protection than homemade face coverings. 1099-K simply reports that you had 200 or more transactions netting a total of $20,000 or more through the electronic-payment processor that issued the form. Does GoFundMe send a 1099? Arguably, it does. Yes, you will have to provide the Child Care provider information (her social security number) on the Form 2441- when you have the Dependent Care Benefits, you are required to report. Set up bank transfers. The IRS does not consider. Crowdfunding platforms like as GoFundMe have made it easy into donate for your favor cause or someone in necessity. Additionally, these donations are not. If your campaign earns over $20,000, the payment processor must send you a 1099-NEC. be penalized for failing to do so. It’s not an increase in tax – the tax rate hasn’t gone up. Does GoFundMe send a 1099? Arguably, it does. Everything else goes directly to your cause, because that’s what matters most. Even with that cost, GoFundMe is the world's number 1 fundraising site. I am a good tenant: I take care of my apt, like it is my own home; keep it clean; report needed repairs; and pay rent early. All Medicaid recipients should be aware of the income. If you want another copy of your donation confirmation receipt, please follow these steps to request one: Follow the link to our contact form here. The IRS only requires 1099s for business services. Such a payment processor’s threshold to report the receipts, with you as the “payee,” kicks in when. Fundrazr is another platform that launched in 2009 and has grown into a popular GoFundMe alternative. Yes, you will be taxed on your income taxes. " This will allow you to e-file, but the IRS may send you a letter asking for more information. GoFundMe estimates that an American has started a COVID-related fundraiser on its site every two minutes since March 2020. Raising money for yourself or a loved one has never been easier. Crowdfunding platforms such for GoFundMe have created computer easy to donate until your favorite cause or person in need. The platform doesn’t take anything from individual campaigns, instead charging a 2. Then you have to send in the transmittal Form 1096 to the IRS. The company asks donors to leave a voluntary tip after making a donation. If "he" or "she" paid you more than $600 he is supposed to provide you with a 1099Misc, but even if he does not, you should be able to use your own records to report your earnings as cash earnings. 9% plus 0. Also find trending fundraisers that are in the news. For tax year 2021, the threshold for a crowdfunding website to file and furnish a Form 1099-K was met if, during calendar year 2021, the total of all payments distributed to a person exceeded. 1. Money collected through crowdfunding campaigns ability becoming considered nontaxable if to meets the IRS' definition of one gift. GoFundMe does not withhold funds for tax purposes or otherwise. The 1099-K form is submitted by Shopify to the IRS if you are using Shopify Payments and meet the following requirements: For calendar years prior to (and including) 2022: You receive more than 20,000 USD in gross payments and have more than 200 transactions. There is normally no relationship between the donor and the donee. Charities should enroll with PayPal Giving Fund to receive the grants quickly and securely. 12 to produce. I can't find where to enter this on turbo tax as when i go to enter a 1099-k under miscellanous income it tells me that all 1099-k would of been put in with. Corporations are limited to a deduction equal to 25% of their taxable business income. Account settings Keep your GoFundMe account information up to date. R. Gifts to friends are not reported on an income tax return - and that is the recipient or the donor. Nerdy takeaways. The PSE has standing instructions to direct the payment to a bank account maintained in the United States. Generally, contributions made to “crowdfunding” campaigns (such as GoFundMe) are considered to be personal gifts, and as such, are not taxed as income to the recipient. Say you organized a GoFundMe to help a neighbor whose house burned down in a wildfire. Continuous use. If you have created a GoFundMe campaign the tax implications are a little murkier than if you were simply donating to a campaign. Does GoFundMe send a 1099? GoFundMe and most other crowdfunding sites usually send 1099-Ks if the campaign raised more than $20,000 and had more than 200 donors. If you’ve raised funds that are no longer needed and haven’t transferred them to your bank yet, you can refund your donors. • For 2023, if you received more than $20,000 and 200 transactions, Lyft is required to send Form 1099-K to you and the IRS. 6050P to file Form 1099-C may nevertheless voluntarily file the form in appropriate circumstances. 3. GoFundMe and most other crowdfunding sites usually send 1099-Ks if the campaign raised more than $20,000 and had more than 200 donors. 3 steps for setting up a memorial fund. IF you want to file ELECTRONICALLY, you can gather all of the same documents and file. Launched in 2010, GoFundMe is the world’s largest social fundraising platform, with over $3 billion raised so far. I'd attached an explanation letter with the return, but yeah gifts are tax exempt. The payer fills out the form with the appropriate details and sends copies to you and the IRS, reporting payments made during the tax year. Businesses must also submit copies of their 1099 forms for each vendor to the IRS. Watch on. I received only gifts and donations. Does Gofundme Send A 1099? GoFundMe only sends a 1099 if you make over $600 in donations. If you have GoFundMe receipts, you should probably expect IRS scrutiny. 30 is automatically deducted from each donation, so you never have to worry about paying a bill. You do not have to submit one for personal services. How does GoFundMe Get Paid? Does GoFundMe send a 1099? How is GoFundMe taxed? Do I have to tip GoFundMe? How long does it take to get money from GoFundMe?. GoFundMe, being merely the administrative platform, will not report donations as income or issue any tax documents to donors or donees. GoFundMe (formerly known as CrowdRise) is an online fundraising tool for nonprofits, businesses, and events organizers with tools for social fundraising, event planning, ticketing, donations management, custom landing page building, and more. I'd have to know all the surrounding facts and would do a bit of research to make sure, but I'd think you would treat it like a gift. That could be a tax bill and it could be a full audit. , the charity fails to cash the check(s) we send). " Does GoFundMe send a 1099? GoFundMe, being merely the administrative platform, will not report donations as income or issue any tax documents to donors or donees. The payer reports the payments to the IRS, and. Follow answered Feb 5, 2022 at 20:11. Let’s show them as a Horsemen's community, what we can do to help in this time of need. What payments does GoFundMe take? "The whole trigger would be the 1099 that GoFundMe sends you, now the 1099 is out there, the IRS gets the 1099 and they're looking for that income somewhere on your return," said O'Donnell. Secondary menu. See all See top. Transferring funds All the steps to move funds from your GoFundMe to a bank account. Start a place of worship fundraiser. Listen to all options before you make a selection. When a GoFundMe page is set up, a WePay Account is created for when the time. GoFundMe does not provide any paperwork or proof of your donations. 938, explaining that virtual currency is treated as property for Federal income tax purposes and providing examples of how longstanding tax principles applicable to transactions involving property apply to virtual currency. That $20,000 is a total gross. A good or service is: parts, material, prizes, awards, rents, or other income payments. GoFundMe and most other crowdfunding sites usually send 1099-Ks if the campaign raised more than $20,000 and had more than 200 donors. , high risk) individuals. GoFundMe: The most trusted online fundraising platform for any need or dream. Individuals can deduct up to 100% of their income in qualified donations. 30 per donation. Currently, GoFundMe takes 5 percent of donations, and payment processors take 2. Donate to verified Texas elementary school shooting. For example, if you earned less than $600 from a side gig in 2023, the payer doesn't have to send you a 1099 form, but you still have to report the earnings on your tax return. But donors shouldn't assume their contributions are tax-deductible. If the money you raise through crowdfunding is given without receiving something in. Only donations made to GoFundMe charity fundraisers are guaranteed to be tax-deductible in the US, the UK, Canada, Ireland and Australia and will automatically receive tax receipts from our charity partner, PayPal. We'll guide yours step-by-step. 4. 9% + $0. The GoFundMe organizer may have decided to deactivate their fundraiser and refund all donors. Check out how to delete a Backpage account? Questions. This tool is a good fit for: All organizations Features: Accept major credit cards, debit cards, and PayPal; Save invoice templates, items, and donor contact info for. GoFundMe donations may have tax consequences. 9% + $0. Crowdfunding platforms such as GoFundMe have performed it easy to giving to to fav cause or someone int need. You've paid them a total of at least $600 during the year. You do not need to issue her a 1099-MISC (NEC) because the payments were not made in the course of your business activity. When donating to a GoFundMe fundraiser, the minimum donation amount is £5. Will I receive a Form 1099-K? As of 2015, the IRS has clarified that WePay is not required to send a Form 1099-K with respect to payments that are made solely as gifts or donations. When you donate to a GoFundMe Cause, we distribute your tax-deductible donation to the individuals, organizations, and charities that need it most. If you have GoFundMe receipts, you should probably expect IRS scrutiny. When you enroll, you’ll receive. The cap on this penalty is $1. Alexandra Sanchez. Share your fundraiser as soon as you're ready, in more than one place, multiple times. Large corporations actively seek the tax deduction, so they often will not give money to organizations that do not. You. Reporting Payments to Independent Contractors. Does GoFundMe get taxed? Donations made to personal GoFundMe fundraisers are generally considered to be “personal gifts” which, for the most part, are not taxed as income in the United States. Here are the instructions for how to complete a 1099-NEC, line by line: Box 1: Nonemployee compensation: Post the nonemployee compensation and. The creditor should make sure a specific identifiable event has occurred to warrant the issuance of a Form 1099-C. From WePay (GoFundMe's payment processor) support. If strategic tax planning is done prior to the donation, the answer is definitely yes! For further help on this topic Get a free. GoFundMe will send a copy of the counter-notice to the. GoFundMe and most other crowdfunding sites usually send 1099-Ks if the campaign raised more than $20,000 and had more than 200 donors. A 1099 is an “information filing form,” used to report non-salary income to the IRS for federal tax purposes. Pick a day for a potluck dinner—it can be on a specific day of the week, like Shabbat, or a holiday, like Easter Sunday. For the most part, they do. Is GoFundMe taxable? It depends. $20. Enter it as "other income. The Department of Administration, Office of Accounts and Reports is responsible for all 1099's issued under the state's general use FEIN 48. After my daughter Paige passed; I set out to heal, lift myself back up, help others do the same then made a goal to compete in and WIN a World Championship in the WBFF. Does GoFundMe send a 1099? How much does the average GoFundMe raise?. Expert does your taxes. In the United States, this fee is 2. For nonprofits, you must issue this form when you contract individual workers and vendors to. Donations through GoFundMe are processed by third-party organizations that are subject to the IRS reporting rules for payment networks. organization. There are many varieties, including 1099-INT for interest, 1099-DIV for dividends, 1099-G for tax refunds, 1099-R for pensions, and 1099-MISC for miscellaneous income. October 31, 2023. 00 and the maximum donation amount is £30,000. If you ever need to access any of the data in your GoFundMe account, just contact our support team using the form below, and we’ll be able to give you all the information you need. If you have GoFundMe receipts, you should probably expect IRS scrutiny. Key Takeaways • If you were paid more than $600 in non-driving income such as referral bonuses, you should receive Form 1099-NEC to document these payments. You’ll also need to include the total amount you’re reporting but just for the 1099 you’re attaching to this form. If you pay independent contractors, you may have to file Form 1099-NEC, Nonemployee Compensation, to report payments for services performed for your trade or business. The growth of GoFundMe and other crowdsourced. GoFundMe and most other crowdfunding sites usually send 1099-Ks if the campaign raised more than $20,000 and had more than 200 donors. The IRS takes note of these 1099s, and there are many stories of organizers being hit. Charity and business Overview of raising. The amount is reported on Box 1 of. Isaac Iwuagwu. 3%, and the tax rate for 1099 income can change from year to year. $8,884 covers the cost of labor and materials to reach 1,099 masks. residential or correspondence address associated with the participating payee. -taxpayer) to Upwork, and we file a Form 1099-K for them when applicable — which applies to freelancers who are U. The form will show your gross earnings from crowdfunding transactions and assist you in reporting your income. The positive reviews praise GoFundMe’s customer service, saying it quickly handled mistaken payments and money withdrawal problems, among other issues. 5 out of 5 on Trustpilot, based on over 20,000 reviews. Tax consequences of charitable crowdfunding. 5 million annually per business. GoFundMe told CNN Business it does not issue 1099 forms. Don't Overlook a 1099 Form. GoFundMe and other crowdfunding platforms will usually issue an IRS 1099K (Payment Card and Third Party Network Transactions) to the campaign organizer. Using the crowdfunding platform called GoFundMe is a way for small business owners to get money without getting a business loan. If you raised more than $20,000 with over 200 contributors and a valid US bank account, the platform you use will send you a 1099-K form. Things to consider. But you can always check with a tax professional to be sure. Some Facebook posts advertising Bed, Bath & Beyond clearance sales are scams. 9% of the total plus 30-cents per donation. If you’ve donated, you’ll need to know the deduction rules. PayPal Giving Fund grants donated funds to enrolled charities within 15-45 days. A 1099 form, also called an information return, is a document sent to you by an entity that paid you certain types of income throughout the tax year. The instructions included with this notice are fairly scattered, and often leave the recipient with more questions. Expert does your taxes An expert does your send, start to finish . It’s not foreign, this is something that’s not new. Thanks for choosing to support a GoFundMe fundraiser. With a community of more than 25 million donors, GoFundMe is changing the way the world gives. On May 24, nineteen students and two adults were killed in a shooting at Robb Elementary School in Uvalde, Texas. Surface Studio vs iMac – Which Should You Pick? 5 Ways to Connect Wireless Headphones to TV. 90 + $0. GiveSendGo is the leading freedom fundraising platform. Does GoFundMe send a 1099? Arguably, it does. Payer’s TIN: List your company’s taxpayer identification number (TIN) as Payer’s TIN. Does GoFundMe take a percentage? GoFundMe has a 0% platform fee for organizers. If you raised money through a crowdfunding platform for personal causes, such as to get help with a medical bill or to source money for an educational goal, those. 2) It’s the reason you don’t have to issue 1099-NEC to anyone you pay via credit card/debit card, Zelle, QuickPay, a business PayPal account, or a business Venmo account. 1 Why am I not getting any donations on GoFundMe5 What kind of GoFundMe makes the most money?5. . 1099-K. Several websites are available to raise money for personal and business uses, with GoFundMe the largest and most commonly used platform to raise personal-need funds. Payment processors may misclassify a payment and send a Form 1099-K for a gift or donation. The IRS also noted that the existing 1099-K reporting threshold of $20,000 in payments from over 200 transactions will remain in effect. Mobile-Friendly Campaigns. Below are some things to consider when trying to figure out does go fund me get a cut. Effectively zero'ing out the income. 9% + $0. If you have GoFundMe receipts, you should probably expect IRS scrutiny. These sites include GoFundMe, Kickstarter, Patreon, and many others. IRS rules for those processing entities are very clear regarding the requirement. If you've not met the $600 threshold, this does not exempt US taxpayers from the responsibility to report all cryptocurrency. Where to send extension of time to furnish state-ments to recipients. income. $5 is sent directly to GoFundMe as a voluntary tip for GoFundMe’s services. Most crowdfunding sites sent 1099-Ks if the campaign raised more than. Another straightforward way to spot a scam is to read the campaign description and any associated updates thoroughly. Pittsburgh Post-Gazette. GoFundMe Mobile App. If you have GoFundMe receipts, you should probably expect IRS scrutiny. For example, if you pay a contractor for repairs on your barn, that would be a deductible expense and you would need to issue a 1099 for the cost of that service. However, if you paid your vendors less than $600, you don’t have to send a copy of the 1099-NEC to the payee. Mail State copies of 1099’s to the following address: Kansas Department of Revenue. buzzybody21 • 5 min. That could be a tax bill and it could be a full audit. Full Maintenance for personal taxes; Full Service for business income; Do. GoFundMe’s payment processing fee is 2. Crowdfunding platforms such as GoFundMe have made it easy to donate to your favorite cause or someone in need. 30 per donation. Issuers of 1099 forms must send one copy to the IRS and another to the taxpayer, the income recipient. 99Pledges – Best GoFundMe Alternative for Walk-a-Thons. IRS filing due date for 1099-NEC is January 31. Full Service for personal taxes Full Service for business taxes. Sometimes, you even receive. $500; $1,500; $5,000. September 10, 2021. GoFundMe was launched in May 2010 in an effort to create a platform for individuals to fund their personal causes. Donations to nonprofits are usually tax deductible. IRS filing due date for 1099-MISC is February 28 (if filing by paper) or March. buzzybody21 • 5 min. Example statement to attach: "All amounts in the 1099-K are excludable from income under IRC Section 102. Post an update within 1 week. While the money you raise should not be considered taxable, you will have the. Guide to head of household. Advertiser disclosure . If you’ve donated, you’ll need to know the deduction rules. . If you’ve donated, you’ll need to know the deduction rules. The GoFundMe community is coming together to support all those affected. Why GoFundMe takes percentage of donations. ¹. Learn more on gofundme. If you have GoFundMe receipts, you should probably expect IRS scrutiny. Everything S-Corp owners need to know about 1099 forms. However, registered 501 (c) (3) charities are eligible to pay just 1. This year, GoFundMe decided to end the GoFundMe Charity. What is a Form 1099-C?To donate, just follow these steps: Find the correct fundraiser and select “Donate now”. Sharon Roberts is organizing this fundraiser on behalf of Sarah Cornell. Coinbase complies with IRS regulations and reports relevant information. So, what percentage does GoFundMe take for transaction fees? A transaction fee of 2. The issue at hand is the 1099-K that the IRS requires be sent to recipient. "How Do You Receive Money From Gofundme. December 21, 2022 Updated Is My Donation Tax-Deductible? Donations made to a personal GoFundMe fundraiser, rather than a charity fundraiser, are generally considered to be. But you can always check with a tax professional to be sure. If Form 1099-K is required to be filed. How much does it cost to set up a GoFundMe page? GoFundMe no longer charges a platform fee, so it is free for people to start a campaign. This requirement has caused some confusion among individuals who start a GoFundMe account and receive donations over the $20,000 limit and even at the IRS. Per IRS requirements, the third-party payment network must issue a. To transfer your PayPal Fundraiser balance: Go to your Dashboard. GoFundMe and Kickstarter do get a cut of. This action is. Other than for legal fees, if you see “Inc. Just contact them and, as always, keep records of your communication. With charities,. A Form 1099-K is required to be filed with the IRS if the crowdfunding website or the payment processor make distributions of raised money that meet the reporting threshold ($600 for 2022), AND the contributors to the campaign received goods or services for their contributions. GoFundMe was launched in May 2010 in an effort to create a platform for individuals to fund their personal causes. For calendar year 2023 and later: You receive more than 600 USD in gross. GoFundMe, being merely the administrative platform, will not report donations as income or issue any tax documents to donors or donees. Fundraising for your church’s mission trips is a great way to support global humanitarian efforts while reducing the financial burden on your place of worship. Gofundme will send you a 1099 for the income raised (for $200k for example) and you’ll file that with your taxes. Requesting a donation receipt.