Crowdfunding sales exceeded five billion dollars in 2013 and have only increased since then. It’s  quickly become a viable option for newbie entrepreneurs and experienced businesspeople alike looking for investment in their ideas. Yet one thing most recipients of crowdfunded earnings fail to remember to consider is the inevitable involvement of the tax man. Indeed, anytime money changes hands in the United States, the IRS is bound to find out and want their cut. Crowdfunding is no exception. While it remains a gray area today, crowdfunding is at some point going to be a highly regulated … [Read more...]