Re: Tax implications for collecting money for community dinners
From: Shari Hirst (sharihirst13gmail.com)
Date: Mon, 22 Jan 2018 15:28:08 -0800 (PST)
At Sand River Co-housing we reimburse cooks for groceries with receipts.
Shari Hirst

> On Jan 22, 2018, at 4:19 PM, Nancy Baughman Csuti <nancycsuti [at] gmail.com> 
> wrote:
> 
> When you say "reimburse the cooks", do you mean reimburse what they paid
> for groceries and have receipts for, or do you mean payment above the
> actual base cost?
> 
> Thanks,
> Nancy
> 
> On Mon, Jan 22, 2018 at 1:28 PM, Susan Green <susan.mx [at] gmail.com> wrote:
> 
>> We are a new community in Denver.   When the last two units are sold, there
>> will be 28 households. Up until now, we pay for each meal and the cash is
>> used to reimburse the cooks. The management company that handles our HOA
>> fees is not willing to do the Bookkeeping for our meals.
>> 1. Do any of you know if you’re at risk for not reporting the money you
>> collect as taxable income?
>> 2. If you have a way to avoid a labor intensive bookkeeping system that
>> won’t be risky with the IRS, please share.
>> Thanks much for your help.
>> Susan Green
>> Aria Cohousing
>> 
>> --
>> Susan Green
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>> 
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