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Does one need a permit for selling raffle tickets for a charity?
11-09-2012, 08:03 PM
Post: #2
Iffy Offline
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The law and IRS rules are very strict on operating a raffle. You must be a registered Tax Exempt 501c
All participants must be 18 yrs of age.
Sale of tickets must be within 180 days of raffle date.
Failure to comply is a federal offense
You need a registered nonprofit to raise the funds for your cousin otherwise all proceeds are taxed as income
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[] - Iffy - 11-09-2012 08:03 PM
[] - ThunderousDominator098 - 11-09-2012, 08:03 PM
[] - phrogster1 - 11-09-2012, 08:03 PM

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