Cohousing-L Mailing List: Re: Tax implications for collecting money for community dinners

[Ann Zabaldo (zabaldo]

Susan — if you are reimbursing the cooks … what’s the tax implication?  If you 
were making money e.g. a profit … I could see this.  But how is this different 
between friends reimbursing each other?

Maybe someone can enlighten me.  I’m sure there’s something I’m not seeing.

Here at TVC we don’t collect money for meals except for a few odd times.  And 
that money also goes to reimburse the cooks.

Best --

Ann Zabaldo
Takoma Village Cohousing
Washington, DC
Principal, Cohousing Collaborative, LLC
Falls Church, VA
202.546.4654

As long as you have two or fewer … your ducks are always in a row.  The Covert 
Comic



> On Jan 22, 2018, at 3:28 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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