Hello! I am writing a children’s book, selling on amazon as an ebook, with the goal of raising money for a specific cause. How should I go about collecting proceeds and saying that “all proceeds go to (specific cause)”
- should i make a nonprofit and collect the proceeds through that? then donate to another nonprofit that goes specifically to that cause?
- should i just reach out to an organization that already supports that cause?
- other ideas?
My concern about option 2 is if the money first has to go to a bank account and then i transfer it to the charity, how will that look for tax purposes? I’m not too familar with how taxes/irs works, but i would not want this to be thought of as additional income if it first has to go to my bank account then to the charity?
submitted by /u/stolemyteddybear
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