The BNN Tax-Exempt Organizations Blog

Posts tagged Form W2-G

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Raffles by Tax Exempt Organizations

Raffles have grown in popularity amongst public charities in recent year, and for good reason. Organizations that host these events often find that they are a great way to raise funds and to promote awareness for their causes.  While the income tax aspects of these events are not overly complex, there are some issues that your organization should be aware of before hosting one yourself.  The following is intended to provide a general overview of the tax compliance requirements for tax-exempt organizations conducting a raffle.