Business

Her Majesty the feudal-faced feudal tax bill for her efforts

MANSFIELD, Con. (AP) – A Connecticut middle school teacher who raised $ 41,000 to help hundreds of her struggling neighbors during the COVID-19 pandemic gave a surprise surprise to her charitable efforts: a form that earned them income taxes There was an outstanding balance of $ 16,031.

Louis Goffinet, 27, of Mansfield, began picking up groceries for elderly neighbors who were afraid to visit the store during the early days of the epidemic, often spending their own money. The Hartford court said in the report that in view of the great need, he later organized two funders on Facebook in a year and helped hundreds of families with groceries, rent money and holiday gifts.

Goffinet said that both his efforts and the financial support he sought for aid became greater than before. They tracked 140 grocery trips on a spreadsheet, noting that they provided a Friday night meal to 125 families, gave holiday gift cards for 20 families to buy gifts for their children, 31 thanksgiving meals and Rental assistance to five families. Some local businesses donated food.

“It got dramatically bigger than I thought,” he said. “My original goal was to raise $ 200 to help a family with groceries. When I set out I was already doubting myself, that the people of the city do not want to pay someone else’s groceries. “

In January, Facebook sent a 1099 form to Goffinet stating that it owed taxes on the funds it raised. Facebook warns users that if more than $ 20,000 is raised, funds generated from a fundraiser on the social intermediary platform may be taxable and a 1099 tax form will be issued.

“I was very surprised,” Goffinat told The Courtant. “When I think of the mental state I was in at the end of January, a second fundraiser came in that was quite a task – busy weekend thanksgiving, for coordinating holiday gifts – which I considered to be a bill in the mail Was. $ 16,000 was just shocking. ‘Shock

Goffinet is now working with a local accountant to determine how to handle the situation. His bill is scheduled to arrive on May 17 and he expects it to pay “some sort of tax burden”, but is not sure how much it is. Meanwhile, some people in the community are now trying to help him with the tax bill, sending $ 2,000 checks to the post office box so far – not through Facebook.

Back to top button