mamadaly21
New Member
- Messages
- 3
Hi there,
Last week I set up a go fund me for a friend of mine and her children. I’m just wondering will they be taxed on this money? If anyone could offer me any advice on what would be the best thing to do with this money, would I correct in advising her to set up bank accounts for each of the children and dividing it among them? I’m really clueless with this sort of thing and I just want to have all the correct information for my friend so that when the time comes to transfer the money from the GoFundMe she will be able to do so without any additional stress or hassle. Many thanks in advance
Last week I set up a go fund me for a friend of mine and her children. I’m just wondering will they be taxed on this money? If anyone could offer me any advice on what would be the best thing to do with this money, would I correct in advising her to set up bank accounts for each of the children and dividing it among them? I’m really clueless with this sort of thing and I just want to have all the correct information for my friend so that when the time comes to transfer the money from the GoFundMe she will be able to do so without any additional stress or hassle. Many thanks in advance
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