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

[Nancy Baughman Csuti (nancycsuti]

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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