Thousands of businesses and individuals have succeeded in attracting funding through crowdfunding platforms. While both Kickstarter and Indiegogo mention taxes on their webpages, neither provides definitive information on reporting crowdfunding income and paying taxes. Raised funds are typically classified as income for tax purposes, but can usually be offset by project-related expenses Fincom Group USA has helped several companies to properly report funds raised through crowdfunding platforms like Kickstarter and reduce the total amount of taxable income.
